According to DFC, the proposed fund is expected to have a highly developmental impact in India by
making private equity investments in growing firms that utilizetechnology to offer either innovative products related to healthcare or loans for microenterprises and SMEs (“MSMEs”). The Fund's strategy includes acquiring a significant minority stake in each of its portfolio companies and adding value through active engagement on strategic and operational affairs over a four-to-six-year investment horizon. Many of the firms targeted for investment utilize technology in areas where it is
greatly needed to address shortages of MSME credit and healthcare delivery.
The capitalization of a fund is screened as a Category D activity for thepurposes of environmental and social assessment. Based on DFC’s due diligence, the Fund’s downstream investments are anticipated to posemedium or limited environmental and social risks that are site specific and that can be readily mitigated though the application of sound environmental and social management practices.
No contact information provided at the time of disclosure.
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability