According to the bank website, "debt investment in secured nonconvertible debentures up to $150 million (in INR equivalent) to Capital First Limited. CFL will use the proceeds of ADB's debt financing to finance loans to MSMEs in India. A portion of the funding will also be used to finance loans to MSMEs involved in the Make in India initiative, a government scheme to support domestic manufacturers."
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Private Sector Financial Institutions Division
Responsible ADB Officer Bracey, Pamela
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