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    Reference: 20140145
    Release date: 9 April 2014

    Promoter – Financial Intermediary

    STATE BANK OF INDIA

    Location

    Description

    A dedicated EIB loan to finance investments promoted by SMEs and Mid-caps in favour of the State Bank of India that will contribute to private sector development and other priorities under the Mandate such as development of social and economic infrastructure and Climate Change mitigation and adaptation.

    Objectives

    An indicative amount of 70% will be used to finance private sector entities eligible under the Bank's SME COP objective, in non-excluded sectors of the economy.

    Comments

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Environmental and Social risks identified at appraisal will be mitigated by adapting the side-letter with allocation conditions in line with EIB Standards where applicable.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement. However, the operation will be limited to private sector entities only, implying that there are no public procurement related concerns at the outset

    Status

    Signed - 25/06/2014

    Disclaimer

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

    Related tags

    India Credit lines