New Delhi, Dec. 12 -- The Asian Development Bank (ADB) has signed a USD 100 million loan agreement with Five-Star Business Finance Limited (FBFL) to expand access to micro, small, and medium-sized enterprises (MSMEs) business loans to women borrowers from lower-income groups in India.

The Five-Star Social Loan Improving Access to Micro, Small, and Medium-Sized Enterprises Finance for Lower-Income Women Borrowers Project aims to increase the company's MSME loan portfolio for women borrowers.

"Women entrepreneurs in India, particularly those from lower-income segments, face systemic barriers such as lack of collateral, informal income sources, and limited financial literacy," said ADB Country Director for India Mio Oka. "This project dire...