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DEG, Citi provide $76 milion to Shriram Finance for MSMEs, EVs, rural lendingDEG and Citi provided $76M to Shriram Finance for economic inclusion, rural development, and climate mobility in India. DEG aids MSMEs, EVs, women, and underserved areas. Citi supports farmers.By Srabastee Biswas  March 4, 2026, 5:06:50 PM IST (Published)2 Min ReadDEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH – and Citi have jointly provided a $76 million co-financing package to Shriram Finance Limited, aimed at accelerating economic inclusion, rural development and climate-aligned mobility across India.

Under the co-financing structure, DEG has extended a €40 million loan, while Citi has provided a ₹260 crore loan to Shriram Finance, one of India’s largest non-banking financial services (NBFCs). Citi acted as Lead Arranger and Coordinator for the transaction. The financing is designed to strengthen Shriram Finance’s outreach to priority segments that remain underserved in India’s credit ecosystem.

The DEG loan will support lending to Micro, Small and Medium Enterprises (MSMEs), electric vehicle (EV) financing, women borrowers and customers in underserved regions, enabling access to formal credit through Shriram’s nationwide network. Citi’s ₹260 crore financing will support smallholder farmers, a segment critical to India’s food security and rural economy but often constrained by limited access to affordable capital. The initiative contributes to multiple UN Sustainable Development Goals, including SDG 5, SDG 7, SDG 8 and SDG 10.

This marks the second collaborative financing between DEG and Citi, following a 2024 transaction supporting CreditAccess Grameen, underscoring their shared commitment to inclusive and climate-positive financing in India.

Mr Umesh Revankar, Executive Vice Chairman, Shriram Finance Limited, said, “We are proud to partner with DEG and Citi on this high-impact facility, which strengthens our mission of driving financial inclusion across India. This funding will enable us to support small businesses, women entrepreneurs, EV adoption and small landholding farmers—segments that form the backbone of India’s growth story.”

Gudrun Busch, Global Head Financial Institutions at DEG, said, “This investment aligns with DEG’s mission to foster sustainable private-sector growth in emerging markets.”

Also read: Shriram Finance to expand new vehicle book as it targets 18% asset growth

Anuradha Choudhary, Managing Director and Head of Financial Institutions, Corporate Banking, Citi India, said, “By supporting Shriram Finance’s reach into priority underserved sectors, we are enabling economic empowerment where it is needed most.”Continue ReadingTagsShriram Finance