SME Finance Forum member OPIC has arranged for private sector Yes Bank to receive $150 million funding from the U.S. government and Wells Fargo. Funding is meant to increase lending to support women entrepreneurs and small and medium-sized enterprises in India.

This is the third round of funding to the bank as part of an arrangement with OPIC - the U.S. government development finance institution - and Wells Fargo. Under the agreement, OPIC will provide $75 million in financing and up to $75 million in syndicated financing jointly arranged by Wells Fargo Bank to Yes Bank, a statement said. The additional $50 million would be used to expand support to women-owned businesses, while another equal amount will be used for financing SME business in low-income states, it said.