{"id":80441,"date":"2022-12-30T15:00:00","date_gmt":"2022-12-30T09:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80441"},"modified":"2022-12-30T14:54:46","modified_gmt":"2022-12-30T09:24:46","slug":"biz-adb-shriram","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-adb-shriram\/","title":{"rendered":"ADB grants USD 100 mn to Shriram Finance for vehicle loans to women entrepreneurs"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-632507464\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Multilateral funding agency Asian Development Bank (ADB) has sanctioned USD 100 million (about Rs 830 crore) to Shriram Finance Limited (SFL) to provide vehicle loans to women entrepreneurs.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-989596983\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The USD 100 million External Commercial Borrowing (ECB) is a five-year loan and is under SFL&#8217;s Social Finance framework to provide credit towards the purchase of new and used vehicles throughout India, Shriram Finance said in a statement.<\/p>\n<p>Proceeds from ADB can be used for vehicle finance for commercial purposes for BS VI compliant vehicles and electric vehicles, specifically, finance women entrepreneurs, cater to under-developed states of the country and empower and promote the social and economic status of the underserved communities, it added.<\/p>\n<p>Besides the ADB loan, SFL has also successfully raised USD 250 million from US Development Finance Corporation and USD 475 million through a 144A Bond from the international market in 2022, thereby continuing to diversify its funding profile and continue its objectives for financial inclusion.<\/p><div class=\"trade-content_5\" id=\"trade-1609618431\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Commenting on the fundraise, SFL executive vice chairman Umesh Revankar said the company will finance for buying of vehicles and equipment in new and untapped markets to provide business opportunities and generate employment.<\/p>\n<p>This would empower more communities in semi-urban and rural areas to optimise their income and to have a better quality of life, he said. PTI DP DP BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-3974989597\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Multilateral funding agency Asian Development Bank (ADB) has sanctioned USD 100 million (about Rs 830 crore) to Shriram Finance Limited (SFL) to provide vehicle loans to women entrepreneurs. The USD 100 million External Commercial Borrowing (ECB) is a five-year loan and is under SFL&#8217;s Social Finance framework to provide credit towards the purchase of new [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":18029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-80441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ADB grants USD 100 mn to Shriram Finance for vehicle loans to women entrepreneurs - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-adb-shriram\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB grants USD 100 mn to Shriram Finance for vehicle loans to women entrepreneurs\" \/>\n<meta property=\"og:description\" content=\"Multilateral funding agency Asian Development Bank (ADB) has sanctioned USD 100 million (about Rs 830 crore) to Shriram Finance Limited (SFL) to provide vehicle loans to women entrepreneurs. 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