2025.03.18
Correction: March 18, 2025
In an earlier version of this release, there was a mistake with regard to the signing date as below:
(Incorrect) March 18, 2025
(Correct) December 26, 2024
On December 26 2024, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Shriram Finance Limited, for Private Sector Investment Finance Project.
The loan is co-financed with Asian Development Bank and Export-Import Bank of India.
Signing ceremony
・Borrower
Shriram Finance Limited
・Country (Target Areas)
Republic of India
・Loan Amount
150 million USD
・Project Title
Project for Financial Access Improvement for Micro, Small and Medium Logistics Businesses in Rural Areas
・Project Purpose
The project aims to improve access to finance for micro, small and medium enterprises (MSMEs) engaged in agricultural and food transportation business, including those in rural areas of India, by providing long-term loans to Shriram, thereby contributing to the promotion of MSMEs, employment growth and logistics enhancement, and sustainable economic development.
・Project Component
The project facilitates loans to MSMEs engaged in agricultural and food transportation business through long-term loans to Shriram.
・Contribution to SDGs
Goal 1 (No poverty)
Goal 8 (Decent work and economic growth)
Goal 17 (Partnerships for the Goals)
・Reference
This project is positioned under the Facility for Accelerating Financial Inclusion (FAFI), Facility for Supporting Agricultural supply chain and Food security Enhancement (SAFE) established in May 2023.
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