- They have signed a loan agreement of USD 68 million.
- It was signed to improve funding to affordable green housing for lower-income groups in India.
- They will support financially affordable green housing.
- The ADB will grant USD 58 million direct loans and USD 10 million concessional loans will be granted by Canadian Climate Fund for the Private Sector in Asia.
- 80% of the loan will be granted to women borrowers and the rest will be used to finance mortgages for green-certified loans for low-income houses.
- Static Part:
- HQ of ADB: Manilla, Philippines
- President of ADB: Masatsugu Asakawa
Question:
Q.1 With which financial entity has IIFL HFL signed a loan agreement of USD 68 million to fund affordable green housing for lower-income groups in India?
a. Asian Infrastructure Investment Bank
b. New Development Bank
c. Asian Development Bank
d. World Bank
a. Asian Infrastructure Investment Bank
b. New Development Bank
c. Asian Development Bank
d. World Bank