Mainstreaming Credit Assessment and Appraisal to Accelerate the Access to Finance for Solar MSMEs in India | Climate Finance, India 2020
The climate finance solution developed by Tata Cleantech aims to mainstream the credit appraisal process for solar MSMEs by clustering SMEs, automation and standardisation of the credit assessment process, including a securitisation mechanisms to reduce collateral requirements and developing a secondary redeployment market for solar rooftop systems.
SEED Practitioner Labs Climate Finance in India engaged financial institutions, funders, intermediaries and other SME ecosystem stakeholders over a multi-step process to co-create innovative climate finance products and mechanisms that extend access to long-term financing opportunities for “missing middle” small and growing climate-smart enterprises that struggle to advance beyond the start-up stage and multiply their contributions to climate-smart and socially inclusive economies.