Indian Investment Initiative/III launched on October 10, 2015
Q. Which is the new initiative making it easier for Indian diaspora to invest in SMB that has been launched on October 10, 2015?- Published on 12 Oct 15a. India Investment Initiative
b. Indian Investment Initiative
c. Indian Investment Fund
d. None of the above
ANSWER: Indian Investment Initiative
Indian Investment Initiative/III was launched on October 10, 2015 in collaboration with USAID and Calvert Foundation as we'll as the US State department. This initiative makes it easier for Indian Americans to invest in SMBs back home. III offers a tool for Indian Americans to attain goals of leveraging close relations between India and the US. One of the first investments is IntelleGrow which focused on investment in key areas such as education, sustainable livelihoods and health. US based retail investors will support the initiative through the purchase of Community Investment Notes by Calvert Foundation. USAID will also provide Development Credit Guarantee for supporting Indian financial institutions contributing to social enterprises.
