Tata Capital Secures USD 16 Million GCF Fund to Boost Green Start-ups

05 Nov 2025 CW Team

Tata Capital Limited (TCL), the flagship financial services arm of the Tata Group, has received a first-of-its-kind USD 15.85 million revolving fund from the Green Climate Fund (GCF) under the newly approved BEACON INDIA Programme. The initiative, implemented in partnership with the Small Industries Development Bank of India (SIDBI) and TREC-STEP, aims to support early-stage climate-tech start-ups across India.

In addition to the revolving facility, the GCF has extended a USD 3 million grant to make financing more accessible and affordable for climate-focused ventures. The revolving structure ensures sustained funding, as repayments from supported start-ups will be reinvested into new green projects.

Tata Capital will also contribute USD 47.6 million from its own resources, reaffirming its strong commitment to strengthening India’s climate innovation ecosystem. The programme is expected to help reduce more than 1.1 million tonnes of CO? emissions and positively impact nearly 2.9 million people through mitigation and adaptation initiatives.

Rajiv Sabharwal, Managing Director and CEO, Tata Capital, said, “Tata Capital has always been committed to green initiatives for a sustainable future. Our association with the Green Climate Fund to strengthen India’s climate innovation network will help emerging entrepreneurs scale their green technologies and make a measurable difference to people and the planet.”

This partnership reinforces Tata Capital’s leadership in green financing. After becoming the first private-sector company in India to collaborate with GCF in 2019 for rooftop solar financing, Tata Capital now becomes the first Indian entity to work with GCF on two distinct climate programmes. The milestone underscores its long-term commitment to supporting India’s transition to a low-carbon economy.

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