Shriram Finance secured USD 76 million co-financing for economic inclusion & rural development. Under this, while DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) has provided a EUR 40 million loan (around USD 46 million) and Citi has extended a INR 2600 million loan to the NBFC, a statement said. This collaborative and innovative financing is designed to strengthen the company's outreach to priority segments that remain underserved in India's credit ecosystem, it said, adding Citi acted as a lead arranger and coordinator for this financing.
This is the second such collaboration between the two co-financing partners following the successful transaction supporting in 2024, underscoring the institutions' shared commitment to advancing inclusive and climate-positive financing in India, the statement said. The DEG loan will support lending towards MSMEs, electric EV financing, women borrowers, and customers in underserved areas that will enable access to formal credit through Shriram's networks across India. On the other hand, Citi's financing will support smallholder farmers, a segment critical to India's food security and rural economy, yet often constrained by limited access to affordable capital, it said.
