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.
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 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.
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 assist Government of Bihar in attracting private sector Investments, effectively steering revenue collection and utilisation, and strengthening growth transmission: all benefiting women, Scheduled Castes and Minorities.
Provide UK support on urban governance, planning, finance and city partnerships to deliver Government of India's urban development programmes in select UK-India partner cities. The support will bring the best expertise from the UK to help create economically vibrant, safe and climate resilient cities in India.
The objective of the project is to provide specific and focused technical assistance to selected cities on city specific priorities to make them smart, inclusive, green and resilient. The focus of the programme is on supporting sustainable economic growth and creating new job opportunities by strengthening urban governance, enhancing the flow of investment in smart city infrastructure and facilitating twinning of Indian cities with cities internationally including in the UK. Innovation around technology, finance and governance, inclusion of the poorest and women and climate resilience are critical cross cutting themes.