India Sign $23 Million Loan Agreement in Fintech with ADB

  • The Government of India and the Asian Development Bank (ADB) have signed a $23 million loan agreement to enhance access to quality fintech education, research, and innovation at the Gujarat International Finance Tec-City (GIFT-City). 
  • The project will establish an International Fintech Institute (IFI) to strengthen fintech education, boost Startup success rates, and drive fintech research and innovation. 
  • The IFI will be established in partnership with globally reputed institutes and universities, offering industry-aligned fintech training programs. 
  • The ADB program will support research on innovative solutions and technologies in climate fintech, regulatory technology, social inclusion, and gender equality in finance.
Posted in Current Affairs.