The project, in partnership with National Housing Bank, will stimulate the growth of the affordable housing market by providing loans to build 17,000 housing units and 10,000 home loans for low income families. This will result in 27,000 construction jobs for the poorest people in low income states in India by 2020. This programme is predominantly in the form of Development Capital Investment, which generates a return to the UK. The technical assistance will support policy and system strengthening for the scetor as well as promote innovative models and technologies.
This investment in impact evaluation is part of DFID's overall strategy on results to strengthen independent evaluation and stimulate the production of public goods inherent to impact evaluation studies. There are potentially strong links in how we do this to DFID's work in Africa and Research programmes
The Programme is expected to directly result in access to new/import infrastructure services such as electricity, sewage and transport to an estimated 280,000 people.To improve access to better quality transport, clean energy and basic urban services for households and businesses, by providing loans to private sector-led infrastructure projects. This will benefit an estimated 280,000 people with improved infrastructure services.
To encourage innovation amongst the private sector by provision of investment capital and business development services worth £27 m to innovative enterprises in low income states of India and £11m for enterprises in developing countries by 2019. This will contribute to MDGs by benefitting 1 million individuals with improved access to affordable and efficient services in the Low Income States of India and Developing Countries.
To improve access to better quality transport, clean energy and basic urban services for households and businesses, by investing in equity to private sector-led infrastructure projects. This will benefit an estimated 280,000 people with improved infrastructure services.
To enhance economic value generated for the poor as producers, consumers and employees by investing in impact enterprises. This will benefit up to 30 enterprises and generate employment incomes of at least £10m.To ensure poor and vulnerable people in low income states (especially women) benefit from economic growth through better access to financial services, and investing in private sector projects that will benefit the poor as producers, consumers and employers. This will benefit 12 million low income households with improved access to financial services and upto 30 enterprises in attracting additional investments worth £56 million.
Strengthening cultural and educational development by building skills and capacity and by creating new opportunities and connections with the UK
To significantly improve the performance of the agriculture sector in Bihar by improving access to markets for identified agriculture and horticulture products, access to finance, knowledge and technology, and institutional capacity for market regulation. This will reflect higher private sector investment, higher production and higher price realisation by 1,00,000 farmers.
To help the Government of India to improve the policy and regulatory framework, and to create financing solutions for infrastructure projects, including by leveraging foreign investment in infrastructure. This will lead to at least 8 Public Private Partenrship studies to enhance leveraging of private investment in the sector.
In line with the UK government’s aid policy and revised development partnership with India, the Infrastructure for Climate Resilient Growth (ICRG) programme sees the UK provide world class expertise to improve the impact of the Indian Government’s $5 billion per year National Rural Employment Guarantee Scheme. The scheme will help over 5 million people living in three of India’s poorest states – Odisha, Chhattisgarh and Bihar – to increase their incomes and resilience to climate shocks. It guarantees 40 million households per year the opportunity to build small scale works (irrigation, flood defences, forest plantations etc.) to increase their incomes and protect themselves from extreme weather events. UK support will improve the design and quality of infrastructure built, increase the capacity of the government to deliver its own programmes and influence the policies of the largest programme of this type in the world.