ADB approves $150m loan to boost MSME in India

By Nada Ali On Mar 25, 2025

The Asian Development Bank (ADB) and Shriram Finance Limited signed on Monday a $150 million loan agreement to enhance access to finance for MSMEs in India, particularly for business loans and financing EVs and low-emission commercial vehicles.

The transaction is part of a $306 million financing package led by ADB as the mandated lead arranger and bookrunner, including a $150 million loan from the Japan International Cooperation Agency and INR 500 million from the Export-Import Bank of India.

“This project underscores ADB’s commitment to supporting financial inclusion and sustainable development in India while addressing the significant financing gap faced by MSMEs,” said ADB Country Director for India Mio Oka.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser

ADB Asian Development Bank Asian Development Bank (ADB)Export-Import Bank India financing gap India Japan International Cooperation Agency Japan International Cooperation Agency (JICA)