IFC Commits USD 400 Million to Bajaj Finance, Targeting a Fourfold Increase in Climate Loans by 2027.

Banking & Finance

The USA-based International Finance Corporation (IFC), a member of the World Bank Group, will provide a USD 400 million loan to Pune-based BFL, a leading NBFC.


      - This loan is part of BFL's USD 1 billion fundraising initiative, aiming to expand access to climate finance for EVs and EECGs in India.

     

     

Main Points:-   (i) The investment will boost competitiveness in the climate finance sector, align with national climate goals, and enhance financial inclusion across India.

      (ii) This will help BFL enable greater usage of EVs and energy-efficient consumer goods, support more women-owned micro-borrowers, and contribute to India's inclusive and low-carbon future.


About Bajaj Finance

CEO : Rajeev Jain
Headquarters : Pune
          ____________________________