Promoting energy efficient residential buildings in India - grant component

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The FC measure includes the provision of a credit line of up to EUR 250 million to the State Bank of India (SBI) to finance loans for energy-efficient, new urban buildings. The project is intended to contribute to energy savings and the reduction of greenhouse gas emissions in India's residential building sector (module objective). The FC measure thus makes a contribution to a broad-based, technically and economically efficient as well as socially and ecologically sustainable energy supply (DC program objective). The project sponsor and borrower is the SBI. The target group cannot be precisely defined due to the global climate impact. Borrowers who are supported through this line are real estate developers who want to finance the construction of residential buildings with a loan and private individuals who finance the purchase of energy-efficient housing with external financing. An accompanying measure of EUR 1.5 million is planned for accompanying personnel support. A grant component of up to EUR 10 million is intended to help achieve greater energy savings and thus environmental impact.