The U.S. Agency for International Development (USAID) and Mumbai-based RBL Bank announced today a new loan portfolio guarantee that will facilitate up to $75 million for lending to small and medium enterprises (SMEs) operating in off-grid, solar rooftops, and energy efficiency sectors.
On track to become the world’s most populous country by 2030, India faces the difficult task of providing its growing population with access to quality health care, potable water, education and clean energy. The U.S. supports India’s efforts to deliver these services as a strategic partner and ally in maintaining regional stability, expanding regional trade and addressing development challenges.
The U.S. Agency for International Development (USAID) announced today the launch of a new initiative “Catalyst: Inclusive Cashless Payment Partnership” (www.cashlesscatalyst.org). This multi-stakeholder partnership is designed to scale digital payments systems in India, catalyzing an exponential increase in cashless payments in select geographic locations. These locations will be selected based on criteria such as smartphone penetration, the local economy, and administrative feasibility.
Plan India, in partnership with the U.S. Agency for International Development (USAID) and Coca-Cola India Pvt. Ltd. launched today the “Urban WASH – Swachh Bharat Swachh Vidyalaya” project across 60 schools in Visakhapatnam, Pune and Dehradun. The project will directly impact over 12,000 children by enabling access to potable water and sanitary conditions, and promote good sanitation practices along with effective use and ownership of Water, Sanitation and Hygiene (WASH) infrastructure.
The U.S. Agency for International Development (USAID) announced five new partnerships, four of which are with the Government of India, to expand U.S.-India cooperation on clean energy, environment and climate change. USAID Assistant Administrator for Asia, Mr. Jonathan Stivers, was in Delhi to represent the U.S. development agency at the second U.S.-India Strategic and Commercial Dialogue.
Last updated: January 18, 2017