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GENDER FOCUSED CLIMATE FINANCE INDIA

Summary sheet

Release date
11 September 2024
Status
Reference
Approved | 26/07/2024
20230803
Project name
Promoter - financial intermediary
GENDER FOCUSED CLIMATE FINANCE INDIA
ANNAPURNA FINANCE PVT LTD,SATIN CREDITCARE NETWORK LTD
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 70 million
not applicable
Location
Sector(s)
Description
Objectives

The project will finance the just and green transition by supporting women social and economic empowerment in India in line with the EIB key policy priorities. A minimum of 50% of the EIB loan amount will support Climate Action and Environmental Sustainability and Climate Adaptation .objectives.

The EIB funds under this operation will be channelled 100% to women entrepreneurs, mainly in rural areas, to finance their small-scale investments to access clean water/sanitation, reduce gas emissions, improve energy efficiency, boost climate resilience, and increase their health prevention.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Under appraisal
Approved
26 July 2024
Link to source
Summary sheet
GENDER FOCUSED CLIMATE FINANCE INDIA

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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