%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(21).png "ADB & Shriram Finance Sign USD 150 million Loan Agreement for MSME & EV Financing in India")
Here's how it works:
a) $150 million
b) $120 million
c) $200 million
d) $250 million
- Support for MSMEs: The funding will target micro, small, and medium enterprises (MSMEs), especially those owned or led by women, to boost economic inclusion and growth.
- Regional Focus: The initiative prioritizes underserved regions to ensure equitable access to credit.
- EV Financing: It supports India's transition to low-emission transport by promoting the adoption of electric vehicles.
Question:
Q.1 What is the total loan amount provided by the Asian Development Bank (ADB) to Shriram Finance Limited for MSME and EV financing in India?a) $150 million
b) $120 million
c) $200 million
d) $250 million
Answer: a) On March 24, 2025, ADB partnered with Shriram Finance Limited to extend a $150 million loan to support MSME financing and promote electric vehicle (EV) adoption in India.
