This project is a private loan that provides funding to a financial intermediary to fund affordable housing in underdeveloped states. This fulfills the criteria for low-cost affordable housing because the cost of individual units should not exceed Rs3.0 million, loan amount should not exceed Rs2.5 million, and units cannot exceed 60 sq. meters carpet area.
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main