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ADB and Shriram Finance target funding for India's MSMEs with $150m loan deal
The agreement is part of a total package of $306m which will help provide funding for business loans and for financing electric vehicles; MSMEs contribute to 30% of India's GDP and employ over 120 million people, including female entrepreneurs.
.jpg&c=1&h=810&q=100&v=20250403&w=1440 "ADB and Shriram Finance target funding for India's MSMEs with $150m loan deal")
The Asian Development Bank (ADB) and India’s Shriram Finance have signed a loan agreement for $150 million to boost access to finance for micro, small, and medium-sized enterprises (MSMEs) in India.
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