ABHFL Secures Rs 830 Crore Investment from IFC through NCDs

Current Context: On January 29, 2025, Aditya Birla Housing Finance Limited (ABHFL) secured Rs 830 crore through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC).

• Key Points:
• Investment Amount: Rs 830 crore.
• Funding Source: International Finance Corporation (IFC).
• Purpose: Provide housing loans to low-income and middle-income groups.
• Focus on Women: Encourage homeownership among women.
• Support for MSMEs: Aid Micro, Small & Medium Enterprises (MSMEs), particularly women-led enterprises.
• Objectives: Enhance financial inclusion, uplift underserved communities, and promote gender equality.

Question:

1 On January 29, 2025, Aditya Birla Housing Finance Limited (ABHFL) secured ₹830 crore funding through Non-Convertible Debentures (NCDs) from which organization?

• A) World Bank
• B) International Monetary Fund (IMF)
• C) International Finance Corporation (IFC)
• D) Asian Development Bank (ADB)

Answer: C) IFC, a part of the World Bank Group, provided ₹830 crore through NCDs to ABHFL to enhance financial inclusion, especially for low and middle-income groups.