Question

ADB will provide ________ loan to IIFL Home Finance for lending to lower-income women borrowers for affordable green housing.

A 100 Cr Correct Answer Incorrect Answer
B 200 Cr Correct Answer Incorrect Answer
C 300 Cr Correct Answer Incorrect Answer
D 500 Cr Correct Answer Incorrect Answer
E 1000 Cr Correct Answer Incorrect Answer

Solution

Asian Development Bank will provide USD 68 million (over Rs 500 crore) loan to IIFL Home Finance for lending to lower-income women borrowers for affordable green housing. The loan comprises a direct ADB loan of up to USD 58 million and a USD 10 million concessional loan by the Canadian Climate Fund for the Private Sector in Asia (CFPS).

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