ADB to provide $68 million loan to IIFL improve women's access to green housing in India

Tags: Economics/Business

The Asian Development Bank (ADB) and IIFL Home Finance Limited (IIFL) signed a $68 million loan to improve financial access to affordable green housing for lower-income women borrowers in India .

 Out of $ 68 million ,ADB will provide $58 million while the $10 million concessional loan by  the Canadian Climate Fund for the Private Sector in Asia (CFPS). The Canadian loan will be routed through ADB.

Asian Development Bank 

• It was set up in 1966.

• Its headquarters is at Mandaluyong City, Manila, Philippines 

• Total member countries : 68 

• President of ADB : Masatsugu Asakawa of Japan

IIFL

IIFL Holdings Limited is an Indian diversified financial services company headquartered in Mumbai.

IIFL Home Finance Limited is a subsidiary company of IIFL.

Chairman : NirmaL Jain