Overview
In India, USAID leverages India’s vibrant private sector to develop sustainable, market-based solutions, mobilize private investments for scale, and deepen collaboration, in coordination with the Government of India.
Highlight
More USAID is building and managing a $540 million credit guarantee portfolio with the U.S. Development Finance Corporation to mobilize private capital in
healthcare, water & sanitation, sustainable land use, clean energy and women’s economic empowerment in India.
USAID Launches New Partnership to Address Economic Challenges of COVID-19:
USAID is supporting the REVIVE Alliance, a public-private partnership to assist informal sector workers whose livelihoods have been impacted by COVID-19, with a focus on women and youth. Beneficiaries develop a credit history due to the platform taking on the initial risk, which enables them to gain access to other financial services provided by the formal financial sector, and gain greater financial security. The Alliance aims to reach 500,000 over three years (70,000+ to date).
USAID Leverages Innovative Finance in Transition to Clean Energy:
In March 2021, USAID and the U.S. International Development Finance Corporation (DFC) announced joint sponsorship of a new $41 million loan portfolio guarantee designed to bolster Indian micro, small and medium enterprises’ (MSMEs) ability to invest in rooftop solar panel installation. The loans will enable MSMEs to access reliable clean power and reduce energy costs, while enabling India to decarbonize its industrial sector and generate new green jobs.
USAID Utilizes Blended Finance to Leverage Funding to Improve Health Outcomes:
USAID is partnering with India’s National Health Authority to develop a flexible financing mechanism to improve health outcomes in India during the COVID-19 pandemic and beyond. This “blended financing facility”, the first of its kind for health in India, combines public and philanthropic funds with commercial capital to fund innovative market-based health solutions that can be scaled rapidly to meet the challenges posed by the pandemic.