INDIA - Financing Energy Efficiency at MSMEs

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The objective of the Financing Energy Efficiency at Micro Small and Medium Enterprises (MSMEs) Project for India is to increase demand for energy efficiency investments in target micro, small and medium enterprise clusters and to build their capacity to access commercial finance. There are four components to the project, the first component being activities to build capacity and awareness for energy efficiency (EE). This component will focus on increasing awareness of EE at the cluster and plant level on a large scale through the implementation of outreach and mobilization efforts, dissemination of information on successful projects and packaging potential investment proposals in EE for financing by local banks or other sources in five designated clusters. The second component is the activities to increase investment in EE. This component shall contribute to the growth of energy efficiency investments in the Indian MSMEs sector that are financed from local commercial financing sources through project development support and through deployment of performance linked grants for demonstration purposes. The third component is the knowledge management. The knowledge management effort will include the provision of resources and manpower for broad Global Environmental Facility (GEF) program evaluation and analysis of cross cutting energy efficiency issues with the goal of ensuring effective implementation and replication of not just this individual project, but of the Bureau of Energy Efficiency (BEE)'sentire GEF funded programmatic effort. Finally, the fourth component is the project management support.