IND: Strengthening Rural Financial Inclusion and Farmer Access to Markets: Axis Bank and Yes Bank (ADB-48278-001)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 18, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Axis Bank Limited, YES BANK LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 15, 2018

Disclosed by Bank Nov 6, 2014


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Project Description

This project finances giving loans to the Axis Bank Limited and YES Bank Limited who will then fund companies that met one of the following criteria: small farm household, rural women organizing in savings or credit self help groups. The banks will use technical assist the help the companies in: supervision and monitoring of business correspondence, improve the financial literacy of business correspondent-affiliated women and continue the development of financial service products linking small farmers to markets and loan products targeted to specific regional crops for small farmers.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

*No contacts available at the time of writing

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