devinitorg/iati-policy-markers huggingface dataset:
Vastu Affordable Housing Equity The proposed project envisages an IFC own account equity investment of up to US$40 million in Vastu Housing Finance Corporation Limited (Vastu or the Company), a non-banking financial company  housing finance company (NBFC-HFC), which provides affordable housing finance to lower and middle income segments and loans against properties (LAP) to micro, small and medium enterprises (MSMEs) in India. IFCs primary equity investment will aid Vastu in further capitalizing the pick-up in credit growth in the affordable housing segment in the country post the waning of the Covid-19 pandemic. IFCs investment will also help the Company offer green affordable housing loans to its customers, enhance their micro-housing and gender offerings, and improve their environmental and social (E&S) and climate risk governance. Stakeholder Effects: Improved access to affordable housing finance, including for women borrowers: IFC anticipates that the Project would help significantly increase access to affordable housing finance and encourage homeownership in the EWS and LIG segments, including for women borrowers. Rapid urbanization in India has led to serious development challenges including congestion, pressure on basic amenities, and severe housing shortages in cities, especially, in the low-cost segment. Housing financiers have been reluctant to finance the affordable segment due to the difficulties in assessing the debt servicing capacities of low- and middle-income group borrowers, and the high costs of servicing such loans. Within the affordable housing segment, women, especially those in lower and middle income groups, also remain an underserved segment.

Increased access to green affordable housing finance: Limited penetration of green housing is a key challenge in the Indian housing market. Along with IFCs investment, IFC will provide advisory support to Vastu to develop and grow its green housing portfolio from scratch, including creating a green housing framework.

Contribution to Market Creation: Competitiveness: IFCs investment and advisory support to Vastu, along with IFCs other systematic investment and advisory engagements in the segment with other companies, would help promote greater competitiveness in the affordable and green affordable housing market in India. Although IFC has been supporting the development of affordable housing financiers through continued interventions, the shortage of affordable housing is substantial and would require continuous support, including supporting the development of medium-sized regional NBFCs and HFCs that service lower and middle income groups. Developing green housing opportunities remains important given widespread climate concerns; however, few HFCs, including the large financiers, are focused on lending for green housing uni
Silver Project The proposed Project comprises a primary equity investment for a 4.99 percent stake in Federal Bank Limited (FBL or the Bank), the seventh largest private sector bank in India, for approximately US$126 million, by International Finance Corporation (IFC), IFC Financial Institutions Growth Fund, LP (FIG), and IFC Emerging Asia Fund, LP (EAF). The primary equity will strengthen the Bank's Tier 1 capital adequacy ratio, to position itself for post-COVID-19 growth opportunities, particularly in the MSME and climate finance segments. The Project will support the Bank's commitment to financial inclusion (with a focus on MSMEs) and help it operationalize its strong commitment to sustainability and climate finance. The proposed transaction is subject to all required approvals. Stakeholders impact: Improved access to finance for MSMEs and climate: The MSME sector is extremely critical for the development of the country by way of production, employment, and exports. However, close to 11 million MSMEs remain either fully or partially excluded from the formal financial system, with an estimated financing gap of ~US$400 billion. The proposed investment will support the Bank in increasing funding to the MSME sector. Further, India requires substantial financing to meet its NDC commitments and grow climate finance. IFC expects that this Project will contribute towards a reduction of the climate financing gap in India by supporting the growth of FBL's climate finance portfolio for renewable energy, climate smart agriculture, green buildings, and waste management projects. The investment will also support FBL in reducing coal exposure.

Market impact: Beyond the Project level outcomes, IFC anticipates the investment to promote greater resilience in the market via innovation, demonstration, and replication channels. This approach is expected to demonstrate the viability of MSME lending and inspire other FIs to follow suit.
Lighthouse II The proposed project is an investment in India 2020 Fund II (I2F-II or the Fund), a fund which aims to offer growth equity and strategic and operational assistance to Small and Medium Enterprises (SMEs) in India. I2F-II aims to invest USD 5-15 million per investment for a significant minority stake. The investment focus will be on high growth businesses with a track record of product and process innovation and which are well positioned to bring about transformation in their respective sectors/ industry. The Fund aims to invest in sectors which benefit from and promote consumer demand and purchasing power. These sectors may include, but are not limited to, healthcare and education, as well as rural consumption and agribusiness. The Fund is a successor to India 2020 Fund I  a 2008 vintage fund of $100mm with an estimated exit Gross IRR of 30% with strong development effects on job creation, gender equality and corporate governance. 1. Support of SMEs: Target investees will be SMEs, which are a very capital constrained sector and limited access to bank debt or capital markets for financing their growth strategies 2. Job creation: Investments in SMEs in the growth phase leads to substantial job creation, at a greater rate thn the national average 3. Private sector development: Addition of value to portfolio companies through capacity building, improved corporate governance and transparency, while providing operational and financial expertise, support in evaluating new business opportunities and building business partnerships 4. Incorporating IFC's E&S standards, thereby contributing to sustainable economic development
CAPF NCD 2015 The project involves financing of up to INR 3.5 billion (around US$55 million) to Capital First Limited (CFL or the Company), a Systemically Important Non-Deposit Accepting Non-Banking Financial Company, to support its growth strategy in the unbanked segments of micro, small and medium enterprises (MSME) and individuals (both self-employed and salaried) that lack adequate access to financial services. The proposed project is intended to help a private sector financial institution to improve access to finance for Indian MSMEs, which employ a substantial portion of the Indian working population, and provide financing to address various needs of both salaried and self-employed individuals, mostly in the low and middle-income segments.  The Company caters its services to approximately 760,000 active customers in 222 locations across India as of March 2015. Out of this, almost 125,000 number of customers were from West Bengal, Assam, Orissa, Chattisgarh, Utarakhand and Madhya Pradesh. Also, a significant number (almost 114,000) of the CFLs customers are women borrowers. Since its inception to date, the Company has financed more than 1.5 million customers with various loan products. Demonstration effect: The proposed investment would be a catalyst in further development of domestic debt capital markets as it would bring a new and potentially regular, large volume issuer to the market and also encourage other institutional investors to consider investment in the Indian corporate debt market by affording access to a highly rated local currency paper which would be the ideal instrument for a foreign investor seeking to enter the Indian local currency debt market.   Additional reach: IFC''s investment will support CFL''s out reach to a larger number of unbanked and underpenetrated domestic micro, small and medium businesses as well as self-employed and salaried individuals that lack adequate access to financial services.
Capitaland India Trust CapitaLand India Trust (CLINT or the Trust) is a prominent commercial real estate trust in India, with a portfolio of 19.6 million square feet of completed properties, comprising nine business parks, one logistics park, and three industrial facilities and is listed on the Singapore Exchange (SGX). IFC is proposing to invest up to 200 million Singapore dollars (approximately US$150 million) to the Trust through CLINTs trustee-manager, CapitaLand India Trust Management Pte. Ltd. (the Trustee-Manager). The most significant expected project-level effects are environmental effects through reduced GHG emissions and improved resource efficiency. Beyond the Project, IFC anticipates the proposed investment will increase access to sustainable office space in India promoting greater sustainability in India's real estate sector through a demonstration and replication.
AU Financiers AU Financiers (India) Private Limited (AU or the Company) is a regional NBFC, operating in the low income state of Rajasthan. It primarily originates loans which are classified under priority sector and agriculture lending as per Reserve Bank of India (RBI) guidelines. These loans are primarily targeted at segments that find it challenging to access bank financing. AU originates vehicle loans, business loans against property and small loans to customers mainly in semi-urban and rural areas. AU finances loans through a combination of channel financing, securitization, bank finance and through its own funds.  

AU plans to increase its presence in Rajasthan by reaching further into semi-urban and rural segments and by geographically expanding to other states. The Company will fund its growth and expansion through a mix of equity capital, bank loans and securitization assignments. Financial inclusion is one of the three pillars of the IFCs regional strategy (the other two being Climate Change and Regional Integration). An increased focus on investments targeted at the low-income population that find it challenging to access bank financing would enhance financial inclusion. 

This project, by addressing the financial services needs of underserved clients, forms an important tool for poverty reduction, private sector development and inclusive growth. 

The project is expected to provide access to finance for the low income, the self employed, the farmers and first-venture entrepreneurs, in the semi-urban and rural areas of Rajasthan, Gujarat and Maharashtra.
Ramkrishna Forgings Limited Ramkrishna Forgings Limited (RKFL or the Company) is headquartered in Kolkata, West Bengal, India, and its manufacturing units are located in Jamshedpur, Jharkhand, India.  Founded in November 1981, RKFL manufactures forged and machined Transmission and axle components for medium and heavy commercial vehicles, and is currently one of the market leaders in this space in India.  In order to increase its market share in a growing domestic market, and improve its operating efficiency, RKFL has undertaken an expansion program in Jamshedpur requiring a capital expenditure of approximately US$97 million. The greenfield expansion program will include a new Front Axle Beam manufacturing line, with machinery imported from Germany, and will be installed near the Companys existing plant in Jamshedpur. This investment will have a strong development impact in the form of (a) direct employment generation for about 390 people in the state of Jharkhand and (b) enhance global competitiveness and capabilities of the Company as it embarks on its journey to become a player of scale in the auto-components sector.
CIF-II Project IFC proposes an equity investment of up to US$25.25 million, not exceeding 20% of total commitments, in Creaegis Investment Fund-II (CIF-II), a trust established under the Indian Trusts Act 1882 and registered as a Category II Alternative Investment Fund (AIF) with the Securities and Exchange Board of India (SEBI). The Fund is targeting US$500 million in commitments to invest in 10-15 companies in consumer, financial services, healthcare and technology sectors. Project level outcomes are delivered through increasing access to equity and value creation for mid-cap companies in India. Creaegis is a first-time fund manager and will support value creation for digital companies by providing both capital and active management support, including digital transformation, mentorship, and building systems to institutionalize company operations.
Market creation is delivered by strengthening the competitiveness of the private equity (PE) market in India. The project supports a first-time local fund manager in the early growth stage PE market segment. Beyond the project, the success of the Fund will encourage other local fund managers to raise new or follow-on funds in the early growth stage PE market segment. In turn, this will attract domestic and international institutional investors, reducing the need for development finance institution (DFI) presence in the market for future fundraisings.
NARC Project The proposed project entails (i) an equity investment of up to US$40 million and (ii) a senior debt investment of US$40 million in Northern Arc Capital Limited (Northern Arc or NACL or the Company). Northern Arc is non-banking financial company (NBFC) which serves the micro, small and medium enterprise (MSME), affordable housing finance and agricultural finance segments, directly (through partnerships and co-lending) and through its institutional partners (primarily financial institutions). In addition, NACL has a fund management business (through its wholly owned subsidiary) and a placements business through its technology platform that provides a variety of services and products to participants involved with the Indian debt market. As of March 2023, Northern Arc had assets under management* of US$1.1 billion# and a domestic credit rating of AA- (Stable) by ICRA and India Ratings. IFCs investment support will strengthen the Companys capital and accelerate its lending to the MSME segment (the Project). -Increased access to MSME finance: IFC anticipates that the Companys concerted efforts in the MSME finance segment, directly and via financial intermediaries, will help IFC increase access to MSME finance.
-Competitiveness: The Project will promote greater competitiveness in the NBFC segment, by encouraging NBFCs to grow their MSME portfolio, especially to underserved, segments like women-owned enterprises.
FCEL Project Future Consumer Enterprise Limited (FCEL, or the Company) is an integrated food processing company with agricultural commodities sourcing, processing as well as development and manufacturing of value-added products for its Fast Moving Consumer Goods (FMCG). FCEL is publicly listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).  The Company plans to undertake a capital expansion program for investments in (i) development of new products for its FMCG brands; (ii) expansion of its sourcing operations; (iii) further development of a 114 acre state-of-the-art integrated food park (IFP) in partnership with the Ministry of Food Processing Industries at Tumkur Region, Karnataka; and (iv) development of manufacturing and processing operations for dairy products, fruits and vegetables, oats and sauces & ketchups (Project). 1.	Preferred partner with range of offering: For FCEL, IFC is a strategic partner and its key additionality is in being able to provide the entire range of products and services to meet FCEL''s long term financing, growth, sustainability and strategic requirements. 2.	E&S Standards: IFC participation would help incorporate global best practices into the E&S performance of the Company and raise their standard far beyond regulatory compliance. 3.	Advisory: IFC will also engage with the Company on food safety advisory beginning with an assessment of areas of improvement in food safety by IFC''s advisory team. 4.	Access to long term finance: The Project would benefit from IFC''s long term risk capital, which is required for fast-growing companies like FCEL that are just turning profitable and still in the early stage of their development.
Azure Rooftop Azure Sun Energy Private Limited (Azure Sun) is a 100% subsidiary of Azure Power India Private Limited (AZI), an existing IFC client. Azure Sun has been awarded a 25-year concession to construct and operate a 2.5 MW rooftop solar power (Project) in Gandhinagar by the Government of Gujarat. This concession was awarded through a process of competitive bidding. The power generated under the Project will be sold at a pre-agreed tariff to Torrent Power Limited (TPL), a privately owned distribution company that holds the license for electricity distribution in Gandhinagar and several other cities in Gujarat. About 80% of the roof top solar panels will be installed on the roofs of government buildings, while the balance 20% will be installed on the roofs of privately-owned buildings. 1. Demonstration effect: The Project will serve as a role model for rooftop generation of solar power. It is expected that after implementation of the Project, the Govt. of Gujarat will roll out larger rooftop programs in Gandhinagar as well as other cities in the state. Other states such as Rajasthan are also expected to follow suit.  2.Private Sector Development in Solar Rooftop Energy Generation: The Project is first public private partnership (PPP) for rooftop solar generation. IFC support to a roof top solar project will help to attract other potential sponsors to such nascent clean energy program.  3. Contribution to Climate Change Mitigation: The Project helps mitigate adverse climate change impacts by tapping in to clean and renewable energy source.
Tata Housing Tata Capital Housing Finance Limited (Company or TCHFL), is a wholly owned subsidiary of Tata Capital Limited (TCL), and is registered with National Housing Bank (NHB) to carry on housing finance activities. The Company offers a range of Housing Loans and Loans against Property to various segments of society viz. salaried individuals, self-employed individuals, self-employed professionals, non-individual entities, etc. and has been focusing on business opportunities available within the Tata ecosystem. The housing finance market in India is growing fast and is served by multiple institutions that cater to people in diverse geographies and across income spreads. Mortgage lending has significantly contributed to the growth in housing construction and housing consumption activities.  Apart from Housing Loans and Loans against Property to the retail segment, TCHFL also provides project finance loans to developers. The Company intends to keep growing its business at a healthy rate with Rural and Affordable Housing Finance, as one of its focus areas.  TCHFL received its certificate of registration from the NHB, to commence business as a housing finance company in 2009. TCHFL has identified affordable housing as a core growth area. TCHFL will benefit from pan India reach and presence of Tata Capital companies. TCHFL is targeting Tier 2 and Tier 3 cities and rural areas. HFCs continue to compete successfully vis a vis Banks due to their better turnaround time and superior product structuring, service orientation, and better reach, especially for the underserved segments. 1.Additional Reach: Tata Capital HF''s strategy is to expand its affordable housing portfolio across India, for which they have a unique ability to penetrate thanks to the strong Tata brand.  2. Pan-Indian Presence: Tata Capital HF is the appropriate partner for IFC to provide financing to under-served segment of the market as the Company is present all across India.  3. Cross- selling products: Tata Capital HF gives the opportunity to cross-sell services of the other group companies. In addition TCL is considering an affordable housing fund to invest in developers of affordable housing projects and has invited IFC to play a lead role in the structuring and design of the Fund and to act as an anchor investor. IFC will evaluate this opportunity on its own merits but it provides an example of the potential synergies that IFC can benefit from through its collaboration with TCL as it seeks to make a major impact in the housing finance area.
Vivimed Project Vivimed Labs Limited (Vivimed or the Company), based in Hyderabad, Andhra Pradesh, India is a leading manufacturer and exporter of specialty chemicals (for personal care and industrial segments) and pharmaceutical products. The Company plans to a) expand capacity for existing products, and b) develop and create capacity for new products. Setting up of environment friendly world class facilities compliant with International Regulatory Standards
The new facilities are expected to create nearly 1,700 new jobs (including direct and indirect employment)
Potential linkages with local suppliers, upgrade of existing infrastructure, indirect employment creation through auxiliary business in the region
AuHFL NCD Project 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; }        IFC proposes to invest up to US$20 mn through subscription of Non-Convertible Debentures (NCDs) issued by   Aavas Financiers Limited (AFL), formerly known as Au Housing Finance Limited   (AuHFL or the Company). The proceeds of proposed IFCs financing will be utilized by AFL for supporting affordable housing finance for purchase / construction & extension of house to individual under low and medium income group in Rajasthan (a low income state) and nearby 5 states. AFLs customers include dairy farmers, carpenters, garment traders, artisans, etc. Currently, almost 65% of AFLs customers are self-employed. AFL has been awarded as Best Housing Finance Company in Affordable Housing Segment in the National Summit on Affordable Housing in July 2016, organised by Assocham Excellence Award facilitated by the Government of India. -	Increased housing finance access in Low Income States: AFL is focused on providing access to housing finance to low-mid income borrowers in tier II /tier III/tier IV and peripheries of tier I cities, with 57% of its outstanding book in the low income states of Rajasthan and Madhya Pradesh. The company provides housing loan in the â??affordable' category, with an average ticket size of around 0.85 mn. The Company has also created a separate vertical for government led affordable projects (PPP model or direct) for EWS and/or LIG segments where cost of units is around INR 0.5-1 mn per unit. Under this program, the Company has tie-ups with various government development agencies to drive uptake. 
-	Increased housing finance access to self-employed and low income segment: AFL is focused on providing access to housing finance to low income borrowers, specifically those employed in the informal sector such as self-employed micro-entrepreneurs and un-organized sector salaried workers. Most of the requirement in housing finance is from the affordable segment in urban areas (~70%) and tier II/III cities. The Company focuses towards loan to SENP (self-employed non-professionals), amounting to around 65% of its portfolio. This segment traditionally does not have easy access to finance owing to perceived higher risk of such borrowers and difficulty in risk assessment. IFC's investment will directly expand the availability of housing finance to the low income and relatively excluded customer segments.
-	Job Creation: There is high demand for affordable housing, particularly in rural and semi-urban areas. The expansion of housing finance has a trickledown effect on job creation through the growth of the multiple industries