Asian Development Bank to invest $125m in L&T Finance.

Asian Development Bank, a regional development bank, agreed to invest $125m in L&T Finance, an India-based non-banking financial company. “Rural India, with 65% of the country’s population engaged in agriculture, contributes almost half of the national income. This partnership with L&T Finance, which has the capacity to provide credit at scale, allows ADB to support individual livelihoods and small businesses, with a specific focus on reaching women borrowers,” Suzanne Gaboury, ADB Director General..