Shriram Finance Limited — Updates, 17-03-2025: Press Release
Shriram Finance Limited has successfully raised over USD 306 million from various Multilateral and Bilateral Development Financial Institutions through External Commercial Borrowings (ECB). This financing, under SFL's Social Finance Framework, involved renowned institutions such as the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and Exim Bank of India. The move enhances SFL’s ability to diversify its funding sources and optimize costs, further solidifying its leadership in offshore fundraising.
The funds will support financial inclusion for Micro, Small, and Medium Enterprises (MSMEs), which significantly contribute to India's GDP and exports. Key areas of focus include financing business loans, electric vehicles (EVs), and women-led enterprises, reinforcing SFL’s commitment to addressing financial gaps in the MSME sector.
This latest milestone adds to SFL’s track record, which includes raising over USD 2.8 billion in offshore funding this fiscal year, illustrating the company's strategic goal of empowering small businesses and fostering sustainable economic growth.
