devinitorg/iati-policy-markers huggingface dataset:
NIIT - Student Loan Program - Project Description:     IFC is considering providing a partial guarantee of NIIT''s student loan program, which NIIT launched with Citibank in January 2000. The total program size will be up to $90 million over a five year period. The proposed structure of IFC''s investment is a guarantee for 10% of the program, ie $9 million. The student loan program provides financing for students participating in GNIIT, NIITs flagship graduate educational programme. As with all NIIT courses, the graduate program is modular, computer-based and off-campus. NIIT is expecting to enrol 50,000 students in GNIIT in the next five years.    - Project Rationale:    By participating in the GNIIT student loan program, IFC is helping to support not only a highly unique and entrepreneurial model of private sector-led applied IT education for adults, but also the introduction of a new asset class, student loans. This program will show other Indian companies a working model of a student loan system which could be replicated India-wide; IFC could also assist NIIT to replicate the GNIIT student loan program in its other 15 emerging market teaching centres, including Bangladesh and Sri Lanka.      - IFCs Role:     In the past, financial institutions in developing countries have avoided investing in students education with the view that it this is either a state, a charitable, or a loss-making sector. IFCs guarantee is helping to launch a new asset class in India: the student loan. IFC by itself could never fill the private education sector "funding gap" of a country. But as IFC demonstrates the feasibility of profitably investing in the education sector, it can encourage other financial institutions to become active players rather than remaining on the sidelines. IFC can also play a significant role in spreading this ''model'' student loan program by helping NIIT replicate it worldwide.     - Developmental Impact:    The GNIIT student loan program will have numerous developmental impacts:     - This project extends educational opportunities. It attempts to reach families from many income groups. Equity in access to knowledge, which empowers the disadvantaged, is a key outcome.    - It will help to establish resource mobilization (including beneficiary cost-recovery) mechanisms to ensure that sector financing is both equitable and adequate.    - It emphasizes innovation, skilled management, motivated and skilled staff, parental satisfaction, and improved performance on standardized tests. It can demonstrate successes for emulation by other schools in the community and reach out to help them. Finally the project contributes to economic growth through enhancing the quality and size of a countrys stock of human capital, its key asset. It can create modern facilities and programs at reasonable cost.
India Collections Management Private Ltd A receivable management Company (India Collections Management Private Ltd.) is proposed to be established with the objective of offering a wide range of high quality receivables servicing, collection and management services to Financial Institutions and other Clients in India. The company is proposed to be established by way of collaboration between Capital Services Holding Corporation (CSG), Japan and Tata Capital Ltd. (TCL) India, as strategic investors and IFC as a financial investor. The developmental impact of the Project stems from its ability to support financial entities and others to more effectively manage and collect non performing loans.
An improved collection system allows for greater bank profitability, improvement in the credit culture, support to the distressed asset sales processes and more systemic efficiency.
Five Star Debt The proposed investment comprises of an IFC own account debt investment of up to INR5 billion (approximately US$60 million) in Five Star Business Finance Limited (Five Star, or the Company). The entire proceeds from IFCs investment will be utilized by the Company for growing its business loans portfolio targeting small business owners (micro-entrepreneurs) and self-employed individuals. At least 55% of the investment proceeds will be utilized by the Company for on-lending to women as primary borrowers. Stakeholders impact: 

Increased access to finance for small business owners (micro-entrepreneurs), including women borrowers: India houses approximately 17% of the worlds unbanked population at 230 million. Further, IFC estimates the MSME finance gap in India to be US$333 billion, equivalent to 13% of GDP, when including both formal and informal sectors. Noting this gap, IFC anticipates that the proposed investment will increase access to finance for the underserved MSMEs, particularly small business owners (micro-entrepreneurs) including women borrowers, thereby enabling them to expand their businesses, generate income, support families, and contribute to their economic empowerment. 

Market impact:

Competitiveness: 
Access to credit for MSMEs, particularly for micro-enterprises, continues to remain constrained in India. IFC anticipates that this project will promote enhanced competitiveness via demonstration and replication channels, by showcasing the viability of providing financing to underserved small business owners in small towns and rural regions, including to women borrowers.
ETC India 2 Headquartered in Mumbai, India, ETC Agro Processing (I) Private Limited (ETC India or the Company) is amongst the top largest pulses processor in the world and trader of pulses in India, with a current processing capacity of 500,000 MT. The Company is now expanding its operations in India, with a strategic focus on the higher yield and less volatile processing segment and by embarking on an asset-light model for future expansion. The Company requires long-term working capital (the Project) to support this expansion. The Project would finance ~30% of the Companys working capital requirements over the next three years. 1.	Impact on Consumers: The Project will contribute to addressing India's challenges with both food security and safety as well as diet diversity. The Project contributes to increased production of calorie rich, nutritious, and safe pulses at affordable price. Further, the Project would also have a meaningful impact on low income consumers since several of the states where ETC is planning its expansion are Low Income States (LIS), namely Assam, Bihar, Uttar Pradesh, Jharkhand, Madhya Pradesh, Rajasthan, and Chhattisgarh. 

2.	Impact on Farmers: The Project will result in increased purchases of pulses from a significant number of farmers. ETC India combines global sourcing with various domestic channels (including traders, local mandis, and government tenders with NAFED) to procure the necessary raw materials. The use of inland third party processors (including in Rajasthan, UP, and MP) is expected to facilitate local sourcing from surrounding producer states. 


3.	Market creation: At the market level, the Project is expected to contribute to improving the competitiveness of third party processors by raising their processing efficiencies and E&S practices and building their overall capacity to serve broader processing needs in the market.
Napino Project Napino Auto and Electronics Limited (Napino or the Company) is a leading manufacturer of electrical and electronic components for the 2-wheeler automobile industry in India. Its key product profile includes electronic control units, regulator rectifiers, electronic fuel injection systems, instrument clusters, electronic mobility components including converters, chargers, battery management systems and others. It has a 30+ year track record of supplying to leading OEMs in India with R&D-driven proprietary solutions. The proposed project will (i) part finance a capex plan, primarily for expanding existing capacity in plants(brownfield expansion); (ii) finance setup of a greenfield plant in Hosur-Krishnagiri, Tamil Nadu in India; (iii) finance the capex for setting up the motor manufacturing plant at Halol, Gujarat in India and (iv) strengthen companys balance sheet by repaying debt taken to finance purchase of shares from a minority investor. The most significant expected project-level outcomes are economywide effects. The project will increase value addition and employment in the auto sector by helping the Company to diversify into the EV segment Beyond the Project, IFC expects the investment to contribute to the integration of advanced EV manufacturing capabilities, the scaling-up of the EV ecosystem in India, and the smooth transition of the auto industry from fossil fuel powered vehicles to EV.
Lucid Colloids Lucid Colloids Limited (LCL or the Company) plans to raise up to US$30 million from IFC through a combination of equity and long term debt. This is a corporate financing with proceeds expected to be utilized to fund the Companys growth plans and working capital requirements. The Project will involve supporting a Company with significant operations in Rajasthan, a low income state, thereby increasing employment and economic opportunities in this frontier region. The Project will also result in increased sourcing of guar from farmers in the arid / semi-arid regions of this low income state, it will improve their access to global markets and enable better price realizations. The investment will also enhance the global competitiveness of a mid-sized export-oriented player and will help increase the value addition within India.
Jain-II Project Jain Irrigation Systems Ltd. (JISL or the company) is Indias largest provider of micro-irrigation systems (MIS).  In addition to MIS, the company is also a leading producer of plastic sheets and pipes, and processed fruits and vegetables.  Its headquarters are located in Jalgaon in the western Indian state of Maharashtra.  IFC is considering providing a corporate loan to JISL to finance its capital expenditures program. The proposed capital expenditure is expected to increase in agricultural productivity from the adoption of high-tech micro irrigation systems, which will reduce water and inputs (fertilizers, energy & others) usage by the agricultural sector in India and assist global drive for green cover for conserving natural resources (water, wood, forestry, etc.) and protecting environment. It will also contribute to increased land usage through waste land transformation.  It will promote world-class processed fruit & vegetable production in India by employing contract farming.  It will also provide revenues to the government from increased taxes & duties, increase in stability and level of farmer income, create new employment within the company as well as indirect employment opportunity through sustained agriculture & allied services, which will assist rural development, improved living standard for small farmer families, rural wealth formation, prevent migration & pressure on urbanization as well as play a catalyst role of supporting agro processing industries.
India Life Sciences Fund IV IFC proposes an equity investment of up to US$25 million in India Life Sciences Fund IV (the Fund or Fund IV), a private equity fund (PE) fund focused on providing growth capital to small and mid-market healthcare companies across (i) pharmaceuticals; (ii) healthcare delivery; (iii) medtech; (iv) specialty ingredients; (v) animal health; and (vi) other allied areas, and together with India Life Sciences Fund IV Domestic (Domestic Fund) is targeting US$325 million in total commitments. The Fund is expected to size its average ticket per company in the range of US$10-50 million in 12-15 companies. The Fund is expected to provide growth capital and value creation to 12-15 small to mid-market healthcare companies in India. Invascent will support these companies to scale up production and implement expansion strategies, including into other emerging markets. By investing in quality, scalable businesses that address the mass market at an affordable price, it will improve access to quality, affordable healthcare. Supporting Invascent to scale will also demonstrate the PE model is able to scale and expand its contribution to meet Indias rising healthcare needs.
BOP Grameen The proposed investment comprises a 3-year senior loan of up to US$50 million to CreditAccess Grameen Limited (CAGL or the Company), which is Reserve Bank of India (RBI) registered, non-banking finance company microfinance institution (NBFC-MFI). It currently operates in 14 Indian states and 1 union territory through 1,635 branches and has a borrower base of 3.8 million women borrowers. On a consolidated basis, CAGL is the largest NBFC-MFI in India with a gross loan portfolio of US$2.2 billion and a net worth of US$543 million as on March 31, 2022. The proceeds of IFC loan will be utilized towards expanding the Companys portfolio to women borrowers for income generation purposes, specifically in the low-income states (LIS)/rural areas of India. 1.	Increased access to microlending: The Project will help increase access to microfinance borrowers in the low-income states of India and in rural areas.
2.	Market Creation: Resilience: IFC anticipates that the Project will support resilience among microfinance institutions in the market by bringing comfort to other local and international investors and catalyzing new and longer-term funding to the sector. By investing in CAGL, IFC will demonstrate to other investors the viability of supporting the sustainability and recovery of the bottom of pyramid lenders in the market.
CHIRATAE VENTURES INTERNATIONAL FUND IV LLC Chiratae was established in 2007 by Sudhir Sethi and TCM Sundaram. Chiratae is an early stage venture fund focusing on Indian start-ups   Chiratae was established in 2007 by Sudhir Sethi and TCM Sundaram. Chiratae is an early stage venture fund focusing on Indian start-ups. Project outcomes are rated as Strong and consist of: (i) increased access to equity for innovative early stage technology companies; (ii) increased investee growth, which will be supported by the Fund's value creation strategies; and (iii) increased access to digitized products/services for investees' customers, particularly in non-tier 1 cities. 
In the context of a relative active VC fund market in India, the project's contribution to Market Creation is assessed as Moderate and includes: (i) increased integration of the Indian VC market by bringing in more domestic and international LPs.
Apollo Loan The proposed project by Apollo Hospital Enterprise Limited, the largest private integrated healthcare group in India, involves an investment of up to $200 million over the next several years to fund expansion and equipment purchases for Apollos existing hospitals and to develop the Apollo Reach network of hospitals.

Apollo Reach Hospitals have been especially designed for less developed population centers in the semi urban and rural areas of India and are smaller, simpler and offer exhaustive service offerings like Apollos existing facilities, deliver similar quality care costing less overall to the patient. Apollos plans to expand existing facilities and upgrade equipment will enhance the countrys medical infrastructure and improve access to high quality services. In addition, the establishment of the Reach network of hospitals will facilitate access to quality healthcare at an affordable price for people living outside the main urban cities. The Reach network will mark the first significant expansion of a hospital chain into smaller, underserved, cities in India where gaps exist in quality tertiary care.
Snowman - IV Snowman Logistics Limited (Snowman or the Company) is an integrated temperature-controlled logistics (TCL) provider with a pan-India presence. Its primary business lines are:  Storage: Snowman provides temperature controlled storage services to a number of industries. It has an aggregate capacity of 33,400 pallets spread over 18 locations. Transportation: Snowman offers temperature controlled transportation services for both long distance transportation and regional distribution to individual retail hubs, with its fleet of 158 reefer vehicles. Consignment agency:  Snowmans offerings under this division include a range of supply chain services including inventory management, order collection, etc.   As part of this Project, Snowman proposes to set up storage facilities at two new locations in Orissa and Gujarat (the Project). The Project involves the expansion of one of the few organized operators in the TCL industry in India and is expected to have the following key development impacts:  (a) Development of critical infrastructure: The Project involves the building of efficient storage and distribution infrastructure, which is currently lacking in the Indian agriculture supply chain. The expansion will help to lower logistics costs and reduce product wastage in the agriculture sector in India. (b) Frontier (LIS) growth: Part of the investment for the Project will take place in the low-income state of Orissa;  (c) Enhancing competitiveness: The Project will strengthen the competitive advantage of an emerging logistics player, helping them become a market leader;  (d) Demonstration effect: IFC''s investment will have a demonstration effect, encouraging additional private investments in the logistics sector.
OAWPL and OAPWPL The Project involves development of two wind farms with a combined capacity of 197.4 MW in the state of Andhra Pradesh in India by Ostro Energy Private Limited (Ostro or the Sponsor) through its two wholly owned subsidiaries, Ostro Andhra Wind Private Limited and Ostro AP Wind Private Limited (the Companies). Ostro has about 76MW capacity under operation in the state of Rajasthan and 325MW of projects under construction in Rajasthan, Madhya Pradesh and Andhra Pradesh.   The Companies plan to enter into a turnkey contract with Suzlon Energy Limited (Suzlon) for acquisition of land, supply of wind turbine generators, Erection and Commissioning for the Project.   The off taker for the Project will be Southern Power Distribution Company of Andhra Pradesh Limited, a state owned utility. Increasing clean energy production: The project will directly contribute to increase the country''s generation from renewable energy sources and to meet the Renewable Purchase Obligation of Andhra Pradesh. The project is expected to generate up to 535GWh from 2019 which corresponds to approximately 0.5 million individual residential people reached.  Climate Change Mitigation: IFC''s investment will enable clean energy production that will help avoid GHG emissions, of approximately 513,600 tons of CO2 equivalent emissions per year beginning in 2019.  Employment generation: The Project will provide employment for a minimum of 8-10 direct employees during operations.  Introduction of High Environmental, Social, Health and Safety Standards: IFC is working closely with the Companies to establish an environmental management system in line with IFC''s Performance Standards
JK Paper Ltd. JK Paper Limited (JK Paper or the company), with sales of about 183,000 tonnes per annum (tpa) of paper, is one of the largest integrated pulp and paper manufacturers in India.  The company proposes to invest about $71.5 million in the following new facilities at its Central Pulp Mill (CPM) plant in Gujarat in western India:     - 60,000 tpa capacity coated duplex board plant based on re-cycled waste paper, mechanical pulp and surplus mill pulp;  -  a coal and pet coke fired boiler of 70 tonnes per hour (tph) capacity and a 12 MW turbo generator set;  -  oxygen delignification plant comprising oxygen generation plant of 170 m3/hr and oxidation plant of 2.1 m3/hr; and  -  chlorine dioxide plant of 1.5 tpd capacity.      The project will be financed with equity/quasi equity, internal cash generation and loan investments.    - Rationale for the Coated Duplex Board Project:      With increasing levels of organized retail and marketing of consumer goods in India, the packaging industry is shifting towards higher end packaging materials.  As a consequence, demand of high end coated paper boards is experiencing significant growth despite constraint of having single supplier in the country.  JK Paper will set up the Project plant in its CPM facility in western India, from where it will derive logistical cost advantage to cater to the key markets in western and northern India. JKs presence as second supplier will further accelerate the demand growth. The plant will not require additional chemically bleached pulping capacity as it will utilize excess wood-free mill pulp that JK Paper currently produces and sells to other domestic paper producers.  In addition, the Project plant will rely on existing infrastructure (power generating capacity, water and waste disposal) in CPM, which has competitive operating costs and existing marketing infrastructure of JK.
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         The proposed project consists of senior financing to L&T Housing Finance Limited (L&TH or the Company). The proceeds will be used to finance developers of affordable housing as per the criteria specified in the Pradhan Mantri Awas Yojna, scheme of the Government of India that aims for Housing for All by 2022. 
       
       
           
       
       
         L&TH is a Housing Finance Company registered under the National Housing Bank. The Company serves the housing and real estate finance segments. As of Sep/17, the Company held US$1.6 billion in assets. 1.	Support to the affordable housing market: The project will increase access to affordable housing by supporting the financing of developers engaged in the affordable housing segment. 

2.	Job creation: Construction industry is one of the largest job creators in India. By supporting the expansion of housing finance this project will also contribute to job creation in India.