ADB's $60 Million Financing Agreement with Aadhar Housing Finance to Empower Women in India
| Category | Details |
|---|---|
| Event | ADB signs $60 million financing agreement with Aadhar Housing Finance Limited (AHFL) |
| Purpose | Provide housing loans to women in India, focusing on low-income and affordable housing segment |
| Amount | $60 million |
| Disbursed So Far | $30 million |
| Target Group | Women borrowers or co-borrowers |
| Key States | Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan, Uttar Pradesh, West Bengal |
| Average Loan Size | 900,000 Indian rupees (around $10,875) |
| AHFL Network | 471 branches across 20 states and union territories (as of September 2023) |
| ADB Membership | 68 members (49 from Asia-Pacific) |
| AHFL Loan Criteria | Loan sizes under 1.5 million Indian rupees (around $17,976) |
| Leadership Statements | Suzanne Gaboury (ADB) and Rishi Anand (AHFL) highlighted the partnership's goals and impact |