Tata Capital Limited, the flagship financial services arm of the Tata Group, has announced a strategic partnership with the Green Climate Fund (GCF) under the BEACON INDIA Programme, aimed at supporting early-stage climate-focused start-ups across India.
The programme combines a USD 15.85 million revolving facility and a USD 3 million grant from GCF, alongside Tata Capital’s own contribution of USD 47.6 million, bringing the total programme value to USD 66.45 million. The initiative is projected to reduce CO₂ emissions by over 1.1 million tonnes and benefit nearly 2.9 million people nationwide.
Key Highlights
| Aspect | Details |
| GCF Funding | USD 15.85 million (revolving facility) |
| Additional Grant | USD 3 million |
| Tata Capital’s Contribution | USD 47.6 million |
| Total Programme Value | USD 66.45 million |
| Expected CO₂ Reduction | Over 1.1 million tonnes |
| Projected Beneficiaries | Nearly 2.9 million people |
| Implementation Partners | SIDBI, TREC-STEP |
Programme Structure
The BEACON INDIA Programme introduces a revolving facility mechanism, enabling Tata Capital to reinvest repaid loans into new climate-tech ventures. This ensures continued funding for innovative start-ups addressing climate challenges.
Rajiv Sabharwal, Managing Director & CEO of Tata Capital, said the initiative reflects the company’s long-term commitment to scaling green technologies and advancing sustainability goals in India.
Tata Capital’s Climate Finance Initiatives
- Tata Capital becomes the first Indian entity to collaborate with GCF on two separate climate programmes.
- Its first collaboration in 2019 focused on rooftop solar financing, setting a precedent for private-sector climate partnerships.
- These initiatives highlight Tata Capital’s leadership in green finance and its contribution to India’s low-carbon transition.
Summary:
Tata Capital’s collaboration with the Green Climate Fund under the BEACON INDIA Programme will mobilize USD 66.45 million to support early-stage climate-tech start-ups. The initiative is designed to cut CO₂ emissions by over 1.1 million tonnes, benefit nearly 2.9 million people, and strengthen India’s green innovation ecosystem, reinforcing Tata Capital’s position as a key private-sector player in sustainable finance.
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