Release date: 9 April 2014
Promoter – Financial Intermediary
STATE BANK OF INDIALocation
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)
- Credit lines - Credit lines
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 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).