📋 Tender Overview
Sector / Subsector
Finance / Finance sector development
Gender
Effective gender mainstreaming
Operational Priorities
OP2: Accelerating progress in gender equality
OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
The transaction involves debt financing, through the subscription of senior secured nonconvertible debentures (NCDs), of up to $25,000,000 (in Indian rupee equivalent) to be issued by Vivriti Capital Limited (VCL) for the Vivriti Capital Climate Finance Project in India.
Objectives and Scope
VCL will use the proceeds of ADB's facility to finance loans to sub-borrowers for climate finance purpose, primarily across the solar, wind, EV and waste management segments in India.
Linkage to Country/Regional Strategy
The project supports the following key operational priorities (OPs) and targets of ADB's Strategy 2030: (i) OP2: accelerating progress in gender equality; and (ii) OP3: tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability. The project is also consistent with ADB's country partnership strategy for India, 2023-2027, which focuses on accelerating structural transformation and job creation, promoting climate-resilient green growth, supporting private sector development in lagging states, and deepening social and economic inclusiveness. By supporting innovative modalities and products to promote access to finance for MSMEs and mid-market corporates, the project is also aligned with Strategy 2030's Finance Sector Directional Guide.
