L&T Finance Holdings has signed a financing pact with Japan International Cooperation Agency (JICA) worth $125 million to support financing in rural and peri-urban areas in India.

Banking & Finance

L&T Finance Holdings has signed a financing pact with Japan International Cooperation Agency (JICA) worth $125 million to support financing in rural and peri-urban areas in India. In November 2023, L&T Finance Holdings sourced $125 million loan from Asian Development Bank (ADB), and as part of the co-financing agreement, an additional $125 million loan is now being raised from JICA. At least 40 percent of the proceeds will be allocated for women borrowers, while the rest will be allocated to support farmers, MSMEs, as well as loans to purchase new two-wheeler vehicles including electric two-wheelers.


      Rural India, is home to about 65 percent of the country’s population and widely supports the Indian economy, sustaining about 46 percent of the national GDP.

     

     

 

     


L&T Finance Holdings Ltd

HQ- Mumbai
MD&CEO- Sudipta Roy
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