ADB Commits USD 108 Million to Aavas Financiers for Affordable Housing, MSMEs

• Asian Development Bank (ADB) signs a USD 108 million debt financing package with Aavas Financiers.
• Aims to expand affordable housing loans for lower-income households and business loans for MSMEs in underserved Indian states.
• Includes USD 8 million concessional debt from the Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA).
• Supports housing loans for self-built, green-certified homes, promoting climate-resilient and energy-efficient solutions.
• At least 70% of ADB debt for lower-income housing (50% to women owners), 30% for MSMEs.