Motilal Oswal Comprehensive Financing Facility (ADB-59035-001)

Countries
  • India
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 5, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Motilal Oswal Home Finance Limited
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Feb 2, 2026

Disclosed by Bank Dec 5, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the project entails Asian Development Bank (ADB) providing long-term debt financing to MOHFL to support access to finance for MOHFL's expansion of affordable housing loans to women homeowners and its entry into housing with green building certification. The project will also help MOHFL establish and implement its first gender-responsive Sustainable Finance Framework (SFF).

The project will increase access to affordable housing finance for low-income women borrowers and provide green affordable housing. ADB will also provide technical assistance (TA) to further support activities that contribute to the development and testing of green housing standards that integrate a gender inclusion lens and an increase in the supply of green-certified affordable housing, which is still nascent in India.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

MOHFL's existing and proposed lending portfolios are expected to have either minimal or no adverse environmental impacts for individual housing loans, or site-specific, reversible impacts for construction finance that can be mitigated through appropriate measures. ADB financing will exclude sub-loans classified as Category A or high-risk for environmental impacts.

MOHFL's current lending operations and future portfolio that will use ADB proceeds are unlikely to entail impacts on involuntary resettlement. It does not involve any purchase or lease of land. Additionally, MOHFL will exclude sub-loans categorized as A or B for involuntary resettlement.

MOHFL's current lending operations and future portfolio are unlikely to entail impacts on Indigenous peoples. MOHFL will exclude sub-loans categorized A or B for Indigenous Peoples.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

A debt financing (secured) of  $100 million (equivalent in Indian rupees) for a tenor of up to 7 years in two equal tranches.
MOHFL own resources: $100 million
Total Sources: $200 million

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Motilal Oswal Home Finance Limited (MOHFL), formerly Aspire Home Finance Corporation Limited and incorporated in 2013, is a subsidiary of Motilal Oswal Financial Services Limited. It focuses on providing affordable, long-term housing loans to low-to-middle-income (LMI) families across 12 Indian states, serving over 84,000 customers. 


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.

How it works

How it works