The Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE) is risk sharing mechanism to provide PFIs with a partial coverage of risk involved in extending loans for energy efficiency projects. The guarantee provided by the fund will directly support financing of energy efficiency projects by:
Addressing credit risk and barriers to structuring the transactions involved in financing energy efficiency projects.
Engaging commercial financial institutions and building their capacity to finance energy efficiency projects on a commercially sustainable basis
A Financial Institution empanelled as a Participating Financial Institution (PFI) with the BEE will be eligible to participate under PRGFEE. Under PRGFEE, the PFI can take guarantee from the IA or through its designee before disbursement of loan to the borrower. The IA shall be Public Sector Financial Institution or a consortium of entities including a Public Sector Financial Institution, selected by BEE for implementing all the activities under PRGFEE.
Unless otherwise specified by BEE, the PRGFEE shall be operational till the fund corpus allocated by GOI for the same, is exhausted or for a total of 10 complete years from the date of commencement of the program whichever is earlier.
Institutional Structure of PRGFEE:
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