IIFL Home Finance Secures USD 300 Million Loan from ADB to Promote Women’s Housing Finance in India
On February 27, 2026, IIFL Home Finance Limited (IIFL HFL) secured a USD 300 million loan agreement with the Asian Development Bank (ADB) to expand access to affordable housing finance for lower-income borrowers, primarily targeting women in India.
About USD 300 Million ADB Loan for Affordable Housing:
Breakup of Loan: USD 150 million from ADB and USD 150 million from parallel loans contributed by Mitsubishi UFJ Financial Group (MUFG), Japan; Emirates NBD Bank, United Arab Emirates (UAE); Sampath Bank PLC, Sri Lanka; and Hatton National Bank PLC, Sri Lanka.
Focus: At least 25% of proceeds will finance green-certified affordable homes to promote sustainable construction.
West Bengal Cabinet Approves Rs 4,648 Crore ADB Projects for Education and ICDS
Overview: In February 2026, the West Bengal(WB) State Cabinet, headed by Chief Minister(CM) Mamata Banerjee, approved two major development projects worth Rs 4,648 crore in partnership with the ADB to strengthen secondary education and child nutrition infrastructure in WB.
Funding Pattern: The projects will follow a 70:30 funding model, with ADB covering 70% and the WB Government providing 30%.