Release date: 11 September 2024
Promoter – Financial Intermediary
ANNAPURNA FINANCE PVT LTD,SATIN CREDITCARE NETWORK LTDLocation
Description
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.
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.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 70 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Approved - 26/07/2024
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).