Non-banking monetary firm (NBFC) L&T Finance Holdings Ltd. (LTFH) stated it had signed a financing pact with Japan International Cooperation Agency (JICA) for $125 million to support financing in rural and peri-urban areas [located between the outer limits of urban and rural environment] in India, significantly ladies debtors.
At least 40% of the proceeds can be allotted to ladies debtors, whereas the remaining can be to support farmers and MSMEs, in addition to loans to buy new two-wheeler autos, together with electrical two-wheelers.
Sachinn Joshi, Chief Financial Officer, LTFH stated, “This long-term loan helps us take forward our ongoing strategy of diversifying funding sources for the company. By concentrating on lending in rural and peri-urban areas of lagging states, our project strategically aligns with the goals of India’s Ministry of Rural Development.”
