<p>
<strong>The Asian Development Bank (ADB) and IIFL Home Finance Limited (IIFL) signed a $68 million loan aimed at facilitating green housing loans for lower-income women borrowers in India.</strong></p>
<p>
The programme will support IIFL&rsquo;s green housing portfolio, specifically towards incentivizing developers to adopt green certification standards in building affordable housing.</p>
<p>
According to a statement issued by ADB, the funding comprises a direct ADB loan of up to $58 million and a $10 million concessional loan by the Canadian Climate Fund for the Private Sector in Asia (CFPS).</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/india-news/from-affordable-housing-to-hosting-haldiram-kashmir-catches-up-with-national-mainstream-137953.html">From affordable housing to hosting Haldiram, Kashmir catches up with national mainstream</a></strong></p>
<p>
From ADB&rsquo;s loan, 80 per cent will be earmarked for lending to women borrowers or co-borrowers and 20 per cent allocated to financing mortgages for green-certified homes.</p>
<p>
&ldquo;By leveraging IIFL&rsquo;s focus on financial inclusion and CPFS&rsquo; leadership on climate-resilient housing, ADB can help low-income communities to manage the impacts of climate change,&rdquo; said ADB Director General for Private Sector Operations Suzanne Gaboury.</p>
The Government Postgraduate College, Timergara has issued directives instructing girl students to abstain from participating…
Several labourers and daily wagers organised a protest near Yaadgar-e-Shuhada in Pakistan for a fixed…
In a veiled attack on Pakistan, India at the United Nations General Assembly said that…
The Khyber Pakhtunkhwa (KP) government has implemented measures requiring Chinese citizens to travel with armoured…
Confucius Institutes (CIs), non-profit educational institutions funded by the Chinese government, have been added to…
Days after the United Arab Emirates witnessed flooding in April, heavy rains have returned to…