ADB–Aavas Financiers USD 108 Million Financing Deal
Why in the news
The Asian Development Bank (ADB) agreed to finance housing and small-business lending by Aavas Financiers.
Key facts
- Lender: Asian Development Bank (ADB).
- Borrower: Aavas Financiers.
- Amount: USD 108 million.
- Use: low-cost housing and MSME loans in states with limited access to credit.
Additional aims
- Encourage eco-friendly housing that can withstand climate risks.
- Technical support to spread knowledge of sustainable housing methods.
Exam angle
- Multilateral lender: ADB.
- Amount to remember: USD 108 million.
- Beneficiary sectors: housing and MSMEs.