devinitorg/iati-policy-markers huggingface dataset:
Aavishkaar Project The project involves an investment in Aavishkaar Goodwell India Microfinance Development Co. Ltd (AGI), a fund of up to $25 million which will make investments in microfinance institutions (MFIs) in India. AGI will make investments in start-up and growth phase MFIs operating as non-banking finance companies (NBFCs), service companies or specific financial service providers. AGI will invest in MFIs through common equity, quasi-equity, and other instruments. The proposed project is expected to have a high developmental impact in the following areas:  Commercialisation of the microfinance sector: AGI will invest in commercial microfinance operations which have the capacity to scale up over time in a sustainable way.  MFI capacity building: AGI will assist in strengthening the operations and governance of its investee companies.  Significant positive social impact through poverty alleviation: Microfinance helps bring credit to poor people at substantially lower rates than those charged by informal sources, such as money lenders.  Furthermore, MFIs typically serve two categories that have traditionally been underserved, women and the rural people.
MMFSL Debt Project The proposed project envisages a secured funding in Mahindra and Mahindra Financial Services Limited (MMFSL or the Company) of up to US$200 million or INR equivalent, for growing its portfolio of loans to micro, small & medium enterprises (MSMEs). 100% of IFCs investment will be earmarked for on-lending to women-owned MSMEs (WMSMEs) in rural areas. Stakeholders Impact: Improved access to finance for to women borrowers: IFC anticipates that the proposed investment will help increase access to finance to WMSMEs. The MSME finance gap is estimated to be over US$300 billion, equivalent to roughly 13% of GDP. WMSMEs tend to suffer more from higher perceived risk by formal financial institutions. WMSMEs face a finance gap estimated at US$29 billion, equivalent to about 1% of Indias GDP, and almost 10% of the total MSME finance gap in the country. The Project will help MMFSL to provide much needed finance to underserved WMSMEs who need financing for income generation purposes. Market Impact: IFC anticipates that via demonstration and replication channels, the Project will promote greater inclusiveness in the broader MSME financing market by encouraging other NBFCs, especially those operating in the vehicle financing space, to scale-up their lending to WMSMEs. Further, women entrepreneurs in India face a rejection rate of 19% by lending institutions, more than twice the rate of 8% for men and approximately 90% of women entrepreneurs in India have not availed financing from formal FIs and rely often on riskier informal sources primarily due to the lack of collateral required by formal institutions. IFC anticipates that by supporting MMFSLs commitment to expanding the Companys WMSME portfolio in rural areas, the Project will demonstrate to peer NBFCs the business case for lending to this underserved segment, ultimately resulting in higher access to finance for women entrepreneurs in India.
ESIP Power2SME table, .k-table{ border-collapse:collapse; width:100%; table-layout:fixed; margin-bottom: 15px;} .k-table, .k-table td, table, table td {outline: 0;border: 1px solid #000; } .k-table td, table td { padding: 5px; }       The project consists of an IFC equity investment of up to US$10 million in Power2SME (or the Company), a Delhi-NCR based company that   functions as a 'buying club' for   Small and Medium Enterprises (SMEs) helping them benefit from economies of scale as a result of volume purchases and buying power across a large network of manufacturers.    In addition to giving buying power to SMEs, Power2SME provides access to finance by helping its customers obtain working capital financing, more efficiently and at better terms through its network of empaneled banks and Non-Banking Financial Companies (NBFCs). 1. Enabling SMEs to gain pricing advantages: Poor infrastructure and inadequate market linkages are among the key factors that have constrained the growth of the SME sector in India. The Company's key offering enables SMEs in the manufacturing sector to procure raw materials / inputs in a transparent manner while benefiting from better pricing of such items due to demand aggregation.
2. Enabling SMEs gain access to affordable financing: Lack of adequate and timely access to finance by SMEs is another key challenge to an SME's growth. Financial institutions too have limited on ground presence / access to data needed to profile credit servicing capabilities of SMEs. The Company's online demand aggregation platform enables it to capture unique data points on SME customers which allow superior credit profiling that an external lender can comfortably rely on and provide attractive financing terms.
3. Increase in SMEs reached: The Company has more than 50,000+ registered SMEs on its platform. 2000+ SMEs have transacted on the platform so far. Post launch of GST in India, the Company will be able to operate pan India. As a result, the number of transacting SMEs is expected to grow more than 10x by CY21. 
4. Increase in employment by enabling SMEs to grow: According to 2015 estimates of the Ministry of Micro, Small and Medium Enterprises ("MSME"), Govt. of India, the MSME sector generates around 100 million jobs through over 46 million MSMEs across the country each year. The Company's mission is aligned towards improving the financial health of MSMEs which will in turn result in additional job creation.
NSL Wind Project NSL Renewable Power Private Limited (NRPPL), an existing IFC investee company (# 29912), is a subsidiary of NSL Group established for implementation of renewable power projects across the country. NRPPL intends to set up a wind power project of 75 MW in Chilarwadi village of Man Tehsil, Satara District of Maharashtra, India (the Project) through a subsidiary NSL Wind Power Company (Satara) Private Limited (NSL Wind or the Company). The Project will be implemented in two phases with 25.5 MW to be implemented in the first phase. Construction period for each phase is expected to be 6 months from start of construction. IFC is considering providing a loan to NSL Wind to part finance the Project.  The Project involves supply, erection, testing, commissioning, operation and maintenance of 50 wind turbines, with a unit generating capacity of 1.5MW to be supplied by ReGen under a supply, erection and commissioning contract with NSL Wind. Further, ReGen is also the O&M operator of this Project under an O&M contract with the Company. Transformers will be located near the turbine within an access controlled area. Underground cables will connect each turbine-transformer and overhead conductor will connect the transformer to the pooling substation. ReGen has constructed a 220 kV Transmission Line from Pooling Substation to the Maharashtra State Electricity Transmission Company Limited  (MSETCL), the state transmission utilitys interconnection point. The pooling sub-station, 220 kV T-Line and monitoring station will be shared with ReGens other existing and future projects for other project owners. 1. Increasing clean energy production: The project will directly contribute to increase the country''s installed capacity from renewable energy sources by 75MW and to meet the Renewable Purchase Obligation (RPO) of the state of Maharashtra.  2. Improved electricity availability: The project will directly contribute towards reducing the electricity demand supply gap in Maharashtra 3. Job creation: The local community will benefit through sourcing of labor from local communities during the construction period, and overall job creation during construction and operation period. 4. Support Private Sector development in power generation: A majority of the power generation in India is still state-owned; Through this project IFC will support private sector development and interest in this sector
Innovaccer F The proposed Project is an equity investment of up to US$20 million in Innovaccer, Inc. (Innovaccer or the Company), a privately held corporation domiciled in the US with operations in India, the US and the Middle East. Founded in 2014, Innovaccer is a leading healthcare Software-as-a-Service (SaaS) company which is creating the missing interoperability and intelligence layer to convert electronic medical records (EMRs), lab data, insurance claims information, pharmacy reports and other social determinants of health into actionable insights to improve population health management and deliver better health outcomes in a cost-efficient manner. Innovaccer has helped its customers unify health records for 50 million+ people and generate approximately US$1.5 billion in cumulative cost savings. IFC anticipates that the Project will increase access to patient management and analytics software for healthcare operators in emerging markets. The Companys platform unifies patient data within and across systems of healthcare providers and payers, and provides advanced analytics and actionable insights for value based care and population health management. By combining multiple data sources on a single platform, the Project has the potential to result in productivity gains for healthcare operators and improved health outcomes for patients. The Companys plan will be supported by an IFC upstream advisory project that facilitates its entry in emerging markets. The main sources of expected market creation outcomes involve increased integration of local healthcare value chains, through substantially strengthening digitization, via enabling frameworks.
Balrampur II Balrampur Chini Mills Limited (BCML or the company), an existing IFC client, is one of the largest integrated sugar producers in India.  The companys main business is manufacturing and marketing of sugar and it also generates revenues from the byproducts including ethanol (from molasses) and power generation (from bagasse). 
	
BCML plans to capitalize on its financial and operational strengths to further expand its production capacity in sugar and byproducts such as power. The proposed project includes:

- an integrated greenfield 8,000 TCD sugar mill and associated 31MW co-generation plant in Gulharia in the state of Uttar Pradesh (UP), 
- an integrated greenfield 8,000 TCD sugar mill and associated 20MW co-generation plant in Kumbhi in UP, 
- modernization and expansion of co-generation capacity at Rauzagaon plant, and other corporate expansions. The project is expected to have the following development impacts: 

- Supporting a large number of small farmers through purchasing raw materials; 
- Reducing poverty in one of the poorest regions in India; 
- Contributing to rural development by boosting local economy and community outreach;
- Enhancing the productivity and competitiveness of the private sector in rural areas; and 
- Creating new employment within the company and along the supply chain;
- Supply electricity to the area in shortage of power supply through cogeneration using bagasse as a source of renewable energy.
AU NCD Project Au FINANCIERS (INDIA) LIMITED (Au or the Company) is a regional non-banking finance company (NBFC), operating in the low income state of Rajasthan and other states such as Maharashtra, Gujarat, Madhya Pradesh, Punjab, Goa, Chhattisgarh and Delhi. It primarily originates loans which are classified under priority sector and agriculture lending as per Reserve Bank of India (RBI) guidelines. These loans are targeted at segments that find it challenging to access bank financing.   Au originates vehicle loans, small business loans against collateral mainly in semi-urban and rural areas. Au offers MSME loan with a ticket size of INR0.5-1.5 million and tenor of 5 years, for income generating activities of micro and small manufacturers and service enterprises, and agriculture based SMEs. The clientele include truck/ tractor body manufacturer, auto ancillary units, brick making units, carpenters, schools and other educational institutions. It has also launched a housing finance subsidiary  Au Housing Finance Limited to provide small ticket affordable housing loans for new purchase, self-construction and home improvements. 1.	Demonstration effect:  In the current market environment, the proposed investment would encourage other institutional investors to consider investment in the Indian corporate debt market through the FII route.   2.	Additional reach: The investment is expected to reach additional low income customers between FY14-17.  3.	Growth in low income states: Au is among the largest NBFCs operating in Rajasthan and catering to the poor segment. IFC''s support would help in scaling-up operations of Au in the semi-urban and rural areas.
Dodla Project The proposed project involves IFC investing debt in an INR equivalent of approximately US$ 15 million in Dodla Dairy Limited (Dodla or the Company). The proposed investment will support Dodla to: (a) expand and upgrade its existing manufacturing infrastructure by purchasing new equipment for select processing plants; (b) fund its working capital needs; and (c) for general corporate purposes including marketing and brand building (the Project).  Update February 2021: IFC committed INR 1,000 million (approximately US$15 million) to Dodla on February 02, 2021 by way of subscription to equity shares of the Company to support the general capital expenditure and working capital requirements of the Company.. The investment has been committed from two projects, INR 500 million committed from project #42009, and an approximately equivalent amount from project #44940. The Project is expected to have the following development impacts: 
a) Farmers: The Project is expected to improve access to a reliable off-take market for a significant number of smallholder farmers while increasing their productivity and supporting their shift toward greater commercialization. 
b) Employees: The Company's expansion is expected to create over 2,500 jobs directly and potentially twice as many jobs would be created along with the value chain, contributing to skill building and non-farm employment. A high share of employment created in the dairy sector tends to be at the bottom of pyramid (BOP).
c) Consumers: IFC anticipates that the Project will contribute both to improving the food safety and food security through expanding access to quality affordable dairy products.
Faering III IFC proposes an equity investment of up to US$15 million in Faering Capital Evolving Fund III Limited (the Fund), a Mauritius based limited life and limited liability company. The Fund is focused on providing growth capital to mid-market companies in India spanning sectors such as financial services, consumer products/services, healthcare, logistics and other consumption enabling sectors. (i) Private Sector Development: Access to long-term equity capital is difficult for unlisted companies. The Fund would provide scarce and patient capital as well as expertise and guidance to support value creation. Faering's value-add to investees, through Fund I and Fund II, is visible through the robust growth in financial metrics, high job creation, and strengthening of the underlying business models.
(ii) Financial inclusion and sustainability: Access to employment opportunities for individuals, access to markets for small businesses, and operational, financial and E&S improvements in local businesses. 
(iii) Market development: Support to the Indian PE industry at a time when broader investor participation has waned, through support of a local PE firm with long-term potential, operating in a segment of the market that has few growth capital managers.
Kuku FM Project The proposed Project is an equity investment of up to US$10 million in Mebigo Labs Private Limited (Kuku FM or the Company), a private limited company domiciled in India. Kuku FM is one of Indias largest digital audio platforms that offers non-music, regional audio content across audiobooks, original series, book summaries, podcasts, and courses focused on non-fiction self-learning content. The content is long-form in nature, broken into bite-sized, audio-only, capsular episodes of 10-15 minutes each like an episodic television show. The platform primarily caters to users in Tier-II and beyond cities in India across semi-urban and rural segments. As of March 2023, the Company had an active paid subscriber base of 2.7 million users. The Project is expected to create micro-entrepreneurship opportunities for creative entrepreneurs (content creators) in India by supporting the scaling up of a non-music audio platform that harnesses content from creative auto-entrepreneurs to serve listeners. Such outcomes come against the background of limited work opportunities for skilled, creative individuals in India. They have the potential to create impact by providing improved livelihoods for creators, through income generation. Further, the scaling up of the platform is associated with gender-specific targets that will result in the onboarding of more women creative entrepreneurs.

The Project also has several benefits in the form of educational and inspirational content which will lead to upward socio-economic mobility of the largely young population in India. The fact that the platform encourages content in regional languages would aid in reaching vast swathes of population beyond just the metro and tier 1 cities. 

The main sources of expected Market Creation outcomes involve sustaining linkages in the online audio industry in India by enabling the mobility of content creators and listeners across non-music audio streaming platforms through capacity building. As part of its onboarding process, the Company provides training to content creators and also helps listeners discover the value of non-music audio content. Its successful scale-up would result in the onboarding of new content creators and listeners who would leverage the capacity they acquire with the Company to participate in other online audio streaming platforms, thereby supporting the growth of the online audio industry and the broader creator economy.
Interlink Communications Ltd. Interlink is a web-enabled B2B business that is focusing on the outsourcing of back office services from US-based companies to the emerging markets.  The company intends to start with the medical transcription business and and then move the concept into a number of related health care areas such as medical coding and health insurance. The project will create a large number of jobs in emerging markets, where the company will provide attractive jobs in the growing Information and Communication Technologies (ICT) sector and training in both the medical field and the internet industry.  In order to raise the necessary amounts of capital in the first and second rounds, both the Sponsor and the initial seed money investors are asking IFC to make an equity investment that would reassure other international venture capitalists who are uncomfortable with regards to Indian political and economic risk.  In addition, IFC would be able to assist the company in replicating the concept across a number of vertical industries as well as in a number of other emerging markets (such as the Philippines and South Africa). The project also fits well into the IFC strategy in India which aims to support the development of sectors of increasing importance to the country, including education, information technology and knowledge-based industries.  The proposed IFC investment will help directly finance one of IFC''s first projects in the internet sector.  The project will have significant developmental impact by: (i) creating thousands of web-enabled service jobs in India, and possibly other developing countries; (ii) helping to set-up and train many small supplier businesses in India; (iii) working with local engineers to develop the company''s second generation software applications; and (iv) creating a demonstration effect for other investors.
EverestEV1 Project The proposed transaction is an investment of up to US$20 million in compulsorily convertible preference shares of Everest Fleet Private Limited (Everest or Company), a vehicle fleet manager in India. The Companys key business is owning and managing a fleet of commercial vehicles which connects to the retail customer using third-party owned mobility applications (mainly Uber) for intra-city travel. IFCs proposed investment will help the Company scale up its existing cars fleet management business for Uber and diversify into intercity and employee transportation services (ETS) business (the Project). The Project will contribute to improved quality and electrification of urban transportation vehicle fleet (resulting in the avoidance of GHG emissions), which will be deployed to meet growing demand for reliable ride-hailing services across multiple cities in India and enable job opportunities. 
IFC expects the investment to increase competitiveness and support growth in India's ride-hailing industry by scaling up an integrated and replicable business model for efficient fleet management and innovation through further penetration of EV in urban transport.
Mahindra & Mahindra Financial Services Limited The project is to provide Rs.840 million (US$17 million equivalent) in long term local currency funding to MMFSL to: expand its product lines to include new businesses designed to capitalize on the companys extensive rural branch network; take up insurance products distribution (both life & genera) either through itself or through its subsidiary/associate companies; better match its assets and liabilities;  strengthen its capital base to position itself for future growth; and diversify its funding sources by assisting the company to go public at an appropriate time and eventually to raise funds in capital markets.      IFC will have a strong role in the project as it will:    (i)  help MMFSL leverage off its extensive rural network to provide new products to rural customers and to help bring rural money into general circulation;   (ii)  help to diversify the companys funding sources both in terms of debt and equity financing;    (iii) provide long-term local currency debt financing to the company which will help it better manage its asset-liability mismatch;   (iv) the project will send an important and positive signal to Indian financial markets and will help improve the image of non-bank financial companies (NBFCs) in India.    The project is expected to have a strong development impact. It will:    (i)  contribute to improve access to financial products and services for both rural and semi-urban populations;    (ii)  help to deepen rural financial systems by offering a wider range of financial products and services;    (iii) have a demonstration effect for other rural finance institutions and NBFCs, in expanding the range of financial services in rural areas.