Utkarsh Micro Finance raises $3.6M from existing investors; promoters to put in more

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Varanasi-based Utkarsh Micro Finance Pvt Ltd has raised Rs 20 crore ($3.64 million) from existing investors Aavishkaar Goodwell, International Finance Corporation (IFC) and Norwegian Microfinance Initiative (NMI) in its third round of equity infusion.The MFI will use the funding to strengthen its presence in Uttar Pradesh, Bihar, Uttarakhand and Madhya ......