The IFC will invest $400 million in Bajaj Finance to boost climate finance and financial inclusion in India.

The International Finance Corporation (IFC) plans to invest $400 million in Bajaj Finance Ltd (BFL) as part of a $1 billion fundraising initiative. This investment aims to enhance access to climate finance for electric vehicles and energy-efficient consumer goods in India, support national climate goals, and promote financial inclusion. BFL intends to increase its climate loans significantly by 2027 and support women-owned microenterprises through this funding.

November 06, 2024
4 Articles