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Tata Capital Limited, the flagship financial services arm of the Tata Group, has announced the receipt of a first-of-its-kind 16 million revolving facility from the Green Climate Fund (GCF) under the Beacon India Programme. The initiative aims to strengthen Indias green start-up ecosystem by supporting early-stage climate-tech ventures. The program will be implemented in collaboration with SIDBI and TREC-STEP and will include a 3 million GCF grant to enable affordable financing for climate innovation start-ups. The revolving nature of the fund will ensure that repaid investments are reinvested into new ventures, creating a sustainable financing model for green entrepreneurship.
In addition to the GCF support, Tata Capital has committed an extra 47.6 million from its own capital to the program. This move underlines the companys long-term commitment to advancing Indias transition to a low-carbon economy. Through this initiative, Tata Capital aims to reduce over 1.1 million tonnes of carbon dioxide emissions and positively impact more than 2.9 million people across the country.
Tata Capitals Managing Director and CEO highlighted that the collaboration with the Green Climate Fund represents a broader effort to strengthen Indias climate innovation network and promote the adoption of sustainable technologies. By nurturing new start-ups focused on green innovation, the initiative seeks to generate widespread economic and environmental benefits.
This milestone marks Tata Capital as the first private-sector company to actively collaborate with the Green Climate Fund on two separate climate programs. The company previously partnered with GCF in 2019 on a rooftop solar financing initiative. The achievement reaffirms Tata Capitals leadership in sustainable finance and its commitment to driving inclusive, low-carbon growth in India.
As of 3:00 PM, Tata Capitals shares traded at Rs328.50, showing a 0.37% increase from the previous close. The companys stock, which recently debuted after a major IPO, has remained relatively stable around its listing price of Rs330 per share.
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