ADB approves 100 mln USD loan to boost financial access for women entrepreneurs in India
Summary
The Asian Development Bank has approved a $100 million loan to Five-Star Business Finance Limited to enhance micro, small, and medium-sized enterprise loans for women entrepreneurs in India's lower-income groups.
Key Points
- The Asian Development Bank signed a $100 million loan agreement with Five-Star Business Finance Limited to expand MSME loans for women in India.
- The loan aims to increase FBFL's MSME loan portfolio targeted at women borrowers from lower-income groups.
- Funds will be deployed under a social finance framework aligned with international standards and externally verified.
- The project supports embedding gender-responsive practices, including digital financial literacy and inclusive workplace training.
