Eligibility Criteria For (PRSF) PFI

Small Industries Development Bank of India


How to become PFI


Participating Financial Institutions (PFIs)

PEA will empanel suitable financial institutions across the duration of the project. Any Scheduled Commercial Bank or Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI) would be eligible to express their interest for empanelment with PEA for the project. Only the empanelled financial institutions – called the PFIs, with whom PEA has entered into an Agreement – will be allowed to access the PRSF fund corpus in the PFI sub-account and lend to ESCOs or host entities implementing ESPC-based EE projects.

Eligibility norms for empanelment of PFIs

The financial institutions interested for empanelment with SIDBI for the project should fulfill the following conditions:


Should be a Scheduled Commercial Bank or Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI)


Should not have been declared ineligible to be awarded an IDA or IBRD financed contract in accordance with the World Bank Sanctions Procedures


Should not have been debarred under any act of compliance with a decision of the United Nations Security Council taken under Chapter VII of the Charter of the United Nations


Should have a minimum CRAR as prescribed by Reserve Bank of India.


NBFC should have at least BBB credit rating from an agency recognized by Reserve Bank of India


Should have average net worth of INR 500 million or its equivalent in foreign currency over the last three (3) years


Should be active in lending business for a minimum period of 3 years and should have profitable track record for a minimum of last 2 years


Experience in financing of energy efficiency & renewable energy projects would be preferable.


Satisfactory internal governance (including fit and management of board), as assessed by PEA


Existence of adequate risk management systems, as assessed by PEA

Document Templates

Guarantee Application Form
Energy Savings Performance Contract (ESPC)
Master Guarantee Agreement
Memorandum of understanding
TRA Agreement
Investment Grade Detailed Project Reports (IGDPRs)

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PFI Role And Responsibility
Procedure For PFI Empanelment
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