World Bank, UN Women and SIDBI to raise ₹300 cr from ‘women’s livelihood bond’

• The World Bank, UN Women , and Small Industries Development Bank of India (SIDBI) have come together to launch ‘women’s livelihood bond’ (WLB) to raise ₹300 crore.

• The tenure of ‘women’s livelihood bond’ would be 5 years. The coupon rate on these bonds will be 3 per cent per annum.

• The proceeds from the ‘women’s livelihood bond’ would be used to help rural women in India to set up or scale up their own enterprises.