New Delhi, March 26 -- The Asian Development Bank (ADB) has signed a significant loan agreement with Shriram Finance Limited worth USD 150 million, aimed at expanding financial access for micro, small, and medium-sized enterprises (MSMEs) in India.

The strategic financing package will focus on business loans and support the acquisition of electric vehicles (EVs) and low-emission commercial vehicles, with a particular emphasis on empowering women-owned businesses and enterprises in underdeveloped regions.

The comprehensive transaction is part of a larger USD 306 million financing initiative led by ADB, which includes additional contributions from the Japan International Cooperation Agency and the Export-Import Bank of India.

Shriram Fin...