This is the second big investment by BII, the UK's development finance institution and impact investor, in India in quick succession. It has recently committed to lend Rs 250 crore to non-bank lender Aye Finance. “The housing crisis in India has been exacerbated by urbanization and migration. In cities, many low-income families face challenges due to informal job natures and poor living conditions," said Gaurav Malhotra, Director for Financial Services at BII.
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