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flag The ADB approved $108M in financing for Aavas Financiers to expand affordable housing and MSME lending in India, with climate-resilient homes and support for women borrowers.

flag The Asian Development Bank has approved a $108 million senior secured debt package with India’s Aavas Financiers to expand affordable housing and MSME lending in underserved areas. flag Up to $8 million in concessional funding comes from Canada’s CANPA trust fund, supporting climate-resilient, energy-efficient homes, with at least 70% of housing funds for lower-income borrowers and 50% of those loans to women. flag The remaining 30% will boost MSME financing, especially for women entrepreneurs. flag The deal includes $150,000 in technical assistance to strengthen green housing awareness and institutional capacity. flag The initiative supports India’s Housing for All goal and builds on ADB’s prior collaboration with Aavas since 2020.

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