Communities surrounding the Ajanta and Ellora Caves of Aurangabad, India will soon welcome a microfinance initiative of the JBIC, a government-run bank founded in 1999 by the Export-Import Bank of Japan. The bank will work through the nation’s Central Government in order establish a microfinance program with the Maharashtra Tourism Development Corp. (MTDC), an Indian government-owned company. The business endeavor is scheduled to begin at the end of this year.
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