Neev Fund

We strive to create impact in sectors that are the core of climate action and livelihood creation

INR 5,240 Mn

Neev I Fund

INR 20,000 Mn

Neev II Fund (includes green shoe of INR 10,000 Mn)

9,600+

Jobs created

10 Mn lives

Neev Funds are poised to positively impact

Highlights

We strive to create impact into sectors that are the core of climate action and livelihood creation

Neev I Fund has focus on clean energy, agri supply chain and social infrastructure sectors

Leadership position in ESG and impact investing in India

Neev I Fund performance rated as A+ by FCDO’s Annual Review for three consecutive years 2018, 2019 and 2020

SVL-SME Fund (Neev II Fund) aims to provide growth and expansion capital to SME companies working towards efficient use of raw materials, water, clean energy, sustainable mobility, and circular economy in the country.

Strong response to Covid – conceptualized and implemented a structure for short term liquidity relief.

‘Neev’ means foundation in hindi. True to its name, Neev Fund, a leading impact fund invests in SMEs that have a transformative impact and seek growth and catalytic capital.

The fund is powered by partners that are global and domestic institutional investors. In a market first initiative, the fund’s performance is measured by its financial as well as developmental returns. Early ESG integration is a de-risking strategy that optimizes returns.

The fund has been advancing sustainable economic, social & environmental growth and financial opportunities since 2015. A partnership between the Foreign, Commonwealth and Development Office, Govt of UK (FCDO, formerly DFID), SIDBI and SBI Group, Neev I Fund aims to help more SMEs access development capital. With the inception of Neev I Fund, we were focused on catalysing investment in low-income states of India which were not favoured by private investments, i.e. Rajasthan, Madhya Pradesh, Uttar Pradesh, Bihar, Chhattisgarh, Jharkhand, Odisha and West Bengal, to bring about sustainable development that can provide economic, social and environmental benefits along with creating job opportunities.

The catalytic nature of our capital has helped the companies raise 3 times our investment from marquee strategic, development finance, climate finance funds and institutions.

About Us

Climate Action

In the 2015 Paris pledge, India highlighted that it is one of the most vulnerable countries to climate change given the large population, its dependence on agriculture, the expansive coastal areas and the ecologically sensitive Himalayan region. India is the world’s third largest emitter of greenhouse gases (GHGs), after China and the US. To mitigate climate change, India has committed to a 33-35% reduction in GHG emissions by 2030, compared to 2005, in the Paris Agreement.

Neev Funds will invest in SMEs that help India meet its carbon emissions reduction targets by 2030. The Fund will bridge the private equity gap required for transition towards climate resilience and low carbon emissions by providing capital support to SMEs in the climate space. The fund believes that the SME sector will be at the forefront of meeting the national climate change objectives as SMEs are closely aligned with on ground realities and likely to aid in faster implementation thereof.

SBICAP Ventures Limited (SVL) - Investment Manager

SBICAP Ventures Limited (“SVL”) is a wholly owned subsidiary of SBI Capital Markets Limited (“SBICAP”) SVL which was incorporated in November 2005 for carrying on venture capital fund activities i.e. to act as an asset management company for venture capital funds. SVL is the Sponsor and the Investment Manager of the Neev Fund.” SBICAP ventures limited will be removed from key contributors and will be present only in the Investment manager section.

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Key Contributors

The engagement and impact strategy are crucial to generate returns. At Neev Funds, this has proven successful with the fund realizing long-term returns that match private equity standards with a singular goal of creating deep rooted societal impact.

STATE BANK OF INDIA (SBI)

Having a rich heritage and legacy of over 200 years, State Bank of India (SBI), a Fortune 500 company, is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai and is accredited as the most trusted Bank by Indians through generations. Through its 30 subsidiaries and 9 joint ventures, it is the dominant banking and financial services group in India; SBI is the largest bank in India and has a 23% market share in assets and approx. One-fourth of the total loans and deposits market. The majority shareholding in the bank is with the Government of India. It has spread its presence globally and operates across time zones in 31 foreign countries.

SBICAP Ventures Limited (SVL)

Foreign, Commonwealth & Development Office, Govt. of UK (FCDO formerly DFID)

FCDO leads the UK’s work internationally, promoting the UK overseas. Being an active, confident, internationalist, burden-sharing and problem-solving nation, they are the most vital force in promoting the interests of British citizens, safeguarding the UK’s security, defending values, reducing poverty and tackling global challenges with all their international partners.

Small Industries Development Bank of India (SIDBI)

Incepted on 2nd April 1990 under an Act of Indian Parliament, SIDBI acts as the Principal Financial Institution for actively Promotion, Financing and working for the Development of the Micro, Small and Medium Enterprise (MSME) sector as well as supporting the active co-ordination of functions of institutions engaged in similar activities. SIDBI’s initiatives have remained aligned to the national goals of poverty alleviation, employment generation, kindling entrepreneurship and fostering competitiveness in the MSME sector. Being the Principal FI for MSMEs, SIDBI has dedicated its resources to evolving a vibrant MSME ecosystem. They work to facilitate and strengthen credit flow to MSMEs and address both financial and developmental gaps in the MSME eco-system. Its vision is to come out as a single window for meeting the economic and developmental needs of the MSME sector to make it strong, vibrant and globally competitive, to position SIDBI Brand as the preferred and customer-friendly institution and for enhancement of shareholder wealth and highest corporate values through a modern technology platform.

European Investment Bank (EIB):

The European Investment Bank is the lending arm of the European Union. They are one of the biggest multilateral financial institutions in the world and one of the largest providers of climate finance. They catalyse private capital through investment in equity and in funds. United Kingdom India Development Cooperation Fund (UKIDCF): UKIDCF is focused on achieving UK-India development cooperation objectives as identified in the UK-India 2030 Roadmap. The Fund aims to achieve its investment objectives by investing substantially all of its assets in SEBI registered Category I and Category II Alternative Investment Funds (AIFs) which seek to invest in sectors that promote sustainable economic development, help reduce poverty and contribute towards achievement of India’s Sustainable Development Goals.

Japan International Cooperation Agency (JICA)

JICA, Japan’s governmental agency works towards promoting economic and social growth in developing countries. JICA is one of the largest bilateral development organizations in the world with a network of 97 overseas offices and projects in more than 150 countries. JICA’s vision is to take the lead in forging bonds of trust across the world with its partners, aspiring for a free, peaceful and prosperous world where people can hope for a better future and explore their diverse potentials.

Self Reliant India (SRI) Fund

The Self Reliant India (SRI) Fund is organised as the first scheme of NSIC Venture Capital Fund Limited (“NVCFL”), a wholly owned subsidiary of National Small Industries Corporation Ltd. SRI Fund employs a ‘Fund-of-Fund’ investment strategy wherein the Fund shall be holding a portfolio in SEBI registered Category I and Category II Alternative Investment Funds, which shall in turn invest in MSMEs.

Our Impact

At Neev Fund, the engagement and impact strategy are crucial to generate returns. At Neev Funds, this has proven successful with the fund realizing long-term returns that match private equity standards with a singular goal of creating deep rooted societal impact.

9,600+

Employment Generation: Created 9,600+ jobs and improved governance standards across portfolio company value chain

Raised 3x of the invested capital from debt and equity providers for growth and scale up

2,90,000

Connecting 2,90,000 individuals annually with clean energy

INR 192.8 Mn

Neev Fund’s Covid-19 Special Action Stimulus, an INR 198.2 Mn facility to provide interim support to companies