| Project Name | Supporting Access to Finance for Women in Less-Developed States Project | |||||
| Project Number | 49268-001 | |||||
| Borrower/Company | Induslnd |
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| Country | India |
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| Location | Nation-wide | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Governance and capacity development Knowledge solutions Private sector development |
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| Sector / Subsector | Finance / Inclusive finance |
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| Gender Equity and Mainstreaming | Gender equity | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Private Sector Financial Institutions Division | |||||
| Responsible ADB Officer | Doukidis, Doukas | |||||
| Project Sponsor(s) | ||||||
| Description | ||||||
| Objectives and Scope | Drives financial inclusion by providing credit to significantly underserved market segments, predominantly women in rural areas of India''s less-developed states. At least 95% of the ADB funding will be used to provide credit to women borrowers, and at least 70% of the number of loans provided under the ADB loan will be deployed in India''s less developed states. | |||||
| Status of Development Objectives | IndusInd's financial capacity to service women microfinance borrowers under its inclusive finance business operations is increased. | |||||
| Status of Operation/Construction | On-going | |||||
| Linkage to Country/Regional Strategy | Under the Midterm Review of Strategy 2020, ADB aims to strengthen the finance sector by promoting inclusive growth. Inclusive finance will be supported by the focus on rural areas where productivity is low and the potential for income generation is high. The assistance is also consistent with the country partnership strategy, 2013-2017 for India, which highlights the importance of inclusive growth through inclusive financial systems. The project is also aligned with ADB''s Gender Equality and Women's Empowerment and Operational Plan, 2013-2020. It is designed to have a gender equity theme and will directly target the provision of financial services to women. |
| Safeguard Categories | |
|---|---|
| Environment | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Summary of Environmental and Social Aspects | |
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| Environmental Aspects | The bank''s inclusive finance business activities have minimal or no adverse environmental impacts. |
| Involuntary Resettlement | The bank''s inclusive finance business activities are unlikely to entail impacts on involuntary resettlement. |
| Indigenous Peoples | The bank''s inclusive finance business activities are unlikely to entail impacts on indigenous peoples. |
| Stakeholder Communication, Participation, and Consultation | IndusInd partners with business correspondents in underserved states. Business correspondents are expected to mobilize deposits and drive credit penetration in rural areas. |
| Timetable for assistance design, processing and implementation | |
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| Concept Clearance | 07 Jul 2015 |
| Credit Committee Meeting | 05 Oct 2015 |
| Approval | 20 Sep 2016 |
| Last PDS Update | 12 Jun 2019 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Supporting Access to Finance for Women in Less-Developed States Project: Report and Recommendation of the President | Reports and Recommendations of the President | Sep 2016 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
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The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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