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AIIB Urged to Fund AI for MSMEs as HDFC Capital Backs Realty

By Business DeskAIIB Urged to Fund AI for MSMEs as HDFC Capital Backs Realty

Experts urge the AIIB to fund AI adoption for MSMEs to bridge the digital divide, while HDFC Capital and Shalimar Corp launch a Rs 750 crore realty platform.

Experts are urging the Asian Infrastructure Investment Bank to expand its financial support to include AI-focused financing for Micro, Small, and Medium Enterprises. This advocacy aims to accelerate artificial intelligence adoption and bridge current funding gaps for smaller businesses.

The Push For MSME Artificial Intelligence Financing

Advocates argue that artificial intelligence offers transformative potential for small businesses to enhance efficiency and market competitiveness. However, these enterprises frequently lack the necessary capital required for digital integration.

Targeted financial support from the Asian Infrastructure Investment Bank could play a pivotal role in achieving key economic goals:

Bridging the digital divide across developing economies, fostering innovation within smaller business sectors, and ensuring smaller economic players are not left behind in the global AI-driven economy.

Real Estate Financing Partnership

In a separate financial development, HDFC Capital and Shalimar Corp have established a substantial investment platform in India. This joint initiative is valued at Rs 750 crore to support residential real estate projects across Uttar Pradesh, with a specific focus on Lucknow.

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