DEG and Citi Provide $76 Million Co-Financing to Shriram Finance for Rural Development

German development finance institution DEG and Citi have jointly provided a USD 76 million co-financing package to Shriram Finance Ltd to promote economic inclusion, rural development, and climate-aligned mobility across India. DEG contributed a 40 million euro loan supporting MSMEs, electric vehicle financing, women borrowers, and underserved areas, while Citi extended a Rs 260 crore loan focusing on smallholder farmers. This collaboration aims to enhance access to formal credit for underserved segments and aligns with multiple UN Sustainable Development Goals.