The loan will be utilised for on-lending to private businesses in India and has been earmarked for financing projects across a broad range of sectors, including manufacturing as well as wholesale and retail trade and services. “This is third tranche of a total loan out of total sanction of euros 200 million by EIB. A first tranche of euros 55 million and second tranche of euros 45 million was signed on 25th June, 2014 and 28th November, 2014 respectively,” the Indian bank said. (IANS)