In 2016, total donor funding for India was over double funding levels in 2007, but only 2.4 percent of the US $9.4 million was allocated to SME-related projects. The US $232 disbursed to SME-related projects was less than the amount allocated in 2015, which reached the highest percentage of funding for India since 2009.
- Total Donor Funding
IBRD, the European Investment Bank, and the Japanese International Cooperation Agency (JICA) together provided over US $200 million to SME-related projects in India, which represented 86 percent of all SME-related funding in 2016.
While this was a relatively small proportion of the European Investment Bank’s global contributions to SME-related projects, it makes up a significant proportion of the global SME-related disbursements for IBRD and JICA. JICA contributed most of their funding towards a Micro, Small and Medium Enterprises (MSME) Energy Saving Project. The IBRD’s MSME Growth Innovation and Inclusive Finance Project in India, which aims to improve access to finance for MSMEs in manufacturing and service sectors from early- to growth-stage, received US $87.3 million in 2016.