Signature(s)
Amount
€ 25,000,000
Countries
Sector(s)
India
: € 25,000,000
Signature date(s)
22/12/2020 : € 7,500,000
22/12/2020 : € 8,750,000
22/12/2020 : € 8,750,000
Link to source
Data sheet
Other links
Summary sheet
Release date
20 April 2020
Status
Reference
Signed | 22/12/2020
20190889
Project name
Promoter - financial intermediary
NEEV II
STATE BANK OF INDIA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 25 million
EUR 100 million
Location
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
- Water, sewerage - Water supply; sewerage, waste management and remediation activities
- Services - Financial and insurance activities
Description
Objectives
The operation consists of an equity participation in NEEV II, an investment fund with a target size of about EUR 100m managed by SBICAP Ventures Limited, a step-down subsidiary of the State Bank of India (SBI)
The fund aims to provide equity and quasi-equity support to small and medium sized enterprises (SMEs) that contribute to the achievement of UN's Strategic Development Goals and climate sustainability in India.
Environmental aspects
Procurement
The fund's operational guidelines will provide for environmental and social due diligence of investee companies in line with EIB guidelines.
Not applicable.
Comments
N/A
Related documents
Link to source
Summary sheet
Other links
Data sheet
Documents
Environmental and Social Data Sheet (ESDS) - NEEV II
Publication Date
17 Nov 2020
Document language
Main Topic
Lending
Document Number
130443124
Document Focus
Environmental Information
Document Type
Project Number
20190889
Sector(s)
Regions
Countries
Publicly available
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Link to source
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