Question
ADB will provide ________ loan to IIFL Home Finance for
lending to lower-income women borrowers for affordable green housing.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).
If profit earned is (1/5)th of selling price, then calculate the percentage of profit.
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