IFC Invests ₹300 Cr in Grihum Housing Finance for Affordable Homes

• IFC invests ₹300 crore (USD 30 million) in Grihum Housing Finance to boost affordable home ownership.
• The investment is made through Residential Mortgage-Backed Securities (RMBS), IFC's first in India.
• Aims to promote home ownership for low- and middle-income families, aligning with Pradhan Mantri Awas Yojana.
• The initiative will catalyze private capital for affordable mortgage lending and advance India's RMBS market.
• This partnership strengthens the housing finance ecosystem, helping more families achieve home ownership.

Why It Matters: IFC's ₹300 Cr RMBS investment in Grihum boosts affordable housing and strengthens India's finance market.