Can I use SIDBI's GCF-backed green loan for a new unit or expansion on new land?

Question

Accepted Answer

Yes, if the land is in an industrial area, industrial estate, notified zone, SEZ or a parcel the government has already designated for non-agricultural use, with permissions in place. Due diligence must confirm no forced land acquisition, displacement, harm to indigenous people, critical habitat or cultural heritage. Industrial area, industrial estate or notified industrial zone. Special economic zone. Land the government has already designated for non-agricultural use. Solar or wind farms and similar sites where all statutory permissions and infrastructure are in place. No compulsory land acquisition with physical or economic displacement. No impact on indigenous peoples. No impact on critical habitat or protected ecosystems. No impact on cultural heritage. No other material consequence under the IFC standards on land, biodiversity, indigenous peoples and cultural heritage. A project that triggers these standards is ineligible under the programme as currently structured, and SIDBI does not assist it. The land standard is described as not applying where the project sits in the areas above, or on privately purchased land bought from a willing seller with clear title. SIDBI's management system says that where a unit comes up in an area involving land acquisition, it needs consent to establish and consent to operate from the State Pollution Control Board. The land must be clearly identified and legally acquired before you apply.

Can I use SIDBI's GCF-backed green loan for a new unit or expansion on new land?

Where the land can be

What due diligence must confirm

What ends an application

Permits for a new site

What Senseible does here