Sustainable Finance Scheme: providing financial assistance to energyefficiency projects
SustainableFinance Scheme was initiated during 2012-13 by SIDBI to provide financialassistance to sustainable advancement projects that supply power efficiency andcleaner production but not comprised under the international or bilateral linesof credit.
A wide varietyof sustainable development projects like renewable Power projects; Bureau ofEnergy Efficiency, green buildings, green microfinance, and eco-friendlylabeling, etc. are involved inside the scope of this scheme. In addition, thefinancial assistance has also been rendered to Energy Service Companies andOriginal Equipment Manufacturers involved in manufacturing energy efficient andreliable production machine.
Rate of Interest
Under thisscheme, the rate of interest applicable would be the standard lending rate bythe credit rating of MSMEs.
Objective of the Sustainable Finance Scheme
The schemeaims to assist the whole value chain of energy efficiency, sustainabledevelopment projects and cleaner production that lead to significantimprovements in EE, CP sustainable development in the MSMEs and which arepresently not covered under the existing sustainable financing lines ofcredits.