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Ajay k Kapoor Country Head, SIDBI speaks at The GRIHA Summit 2014

219 views · Published 30 April 2014 · 11:09 · Indexed 16 October 2026

Channel: TERI · 2014 · Nonprofits & Activism

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Ajay K Kapur, Country Head, Small Industries Development Bank of India (SIDBI) explained SIDBI's sustainable development initiatives in MSMEs. While giving the reference of a report prepared by Central Electricity Authority (CEA) were it was mentioned that last financial year there was a huge power deficit of over 12,000MW during the peak hours and India being the 5th largest energy consuming country, Mr Kapur emphasized on the need for energy conservation. Government of India has decided to achieve 20% energy efficiency by 2017 (12th Five year Plan), said Mr Kapur. Explaining the SIDBI's sphere of activities which included sustainable financing, equity assistance, receivable financing and service sector financing, Mr Kapur showcased few of the schemes under the same. SIDBI promotes MSMEs to establish green buildings and for this assistance is provided at a concessional rate in comparison to normal funding. As on date SIDBI has provided an assistance of more than Rs.100 crore to potential green building projects, said Mr Kapur. In addition, SIDBI also provides assistance to other renewable projects which have MSME linkages. This type of financial assistance to MSMEs is generally not provided by the banking system. While concluding Mr Kapur said we aim to make SIDBI a sustainable financial institution and our developmental initiatives are capacity building of MSMEs, creating interactive platform for EE equipment vendors and MSME units, conducting free walk through and detailed energy audits in MSMEs, developing unit specific investment grade detailed project reports, implementation support, concessional lending products and assisting in identification of financial incentives/subsidies.

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