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IIFL HFL signed Agreement with ADB

Published on August 13, 2021
Current Context: The IIFL Home Finance (India Infoline Home Finance Ltd) which is the housing finance company entered into an agreement with the Asian Development Bank (ADB).
IIFL HFL signed Agreement with ADB
  • The agreement was signed to get finance to reduce carbon emissions, preserve water quality and have a green building ecosystem in India.
  • The technical assistance will be granted by IIFL.
  • Both entities will work to support the green building ecosystem with affordable housing in India.
  • The cost of the work under the agreement is approx. $1 million (over Rs 7.4 crore).
  • The funds will be granted by ADB under Urban Climate Change Resilience (UCCR) Trust Fund.
  • The additional funds will be granted by IIFL HFL of upto $1,50,000.
  • Both the entities will jointly work to integrate green lending and climate adaptation strategies to have an affordable housing sector in India.
  • Static Part: 
    • HQ of IIFL HFL: Gurgaon, Haryana

Question: 

Q.1 With which entity has IIFL HFL signed an agreement to develop a green building ecosystem in India?
a. Asian Development Bank
b. International Monetary Fund
c. World Bank
d. Organisation for Economic Co-operation and Development

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