A total of 50 million Euros are available for Micro, Small and Medium sized Enterprises (MSMEs) in India for investments in energy efficiency measures with the goal to reduce 400,000 tons of CO2. An additional 38.5 million Euros are dedicated for cleaner production measures in MSMEs aiming to reduce environmental impacts.
Over the next two years, adelphi in cooperation with the International Institute for Energy Conservation (IIEC) and Triodos Facet is supporting SIDBI with the setting up, disbursing and monitoring of the two credit lines. This involves to developing a monitoring and verification system for loan disbursement that will enable SIDBI and KfW to monitor the actual emission reductions achieved per loan as well as the total reduction over the lifetime of the credit lines. Additionally, the consulting team will recommend the operational and institutional framework conditions for successful loan disbursement; provide training and capacity building; technical evaluation of loan applications; and a focused marketing strategy. Furthermore, adelphi will assist MSMEs in identifying suitable investment opportunities and support companies with the development of loan applications.
The two credit lines and accompanying technical assistance are being financed by the German Government through KfW.