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Kartik Desai
CEO @ D&A | Innovative Finance for Systems Change
The information provided does not directly link Kartik Desai from Desai & Associates to any specific profile or title as its founder and CEO using the given LinkedIn handle ("kartik-desai-a72498"). However, based on available search results:
- Profile Details: One profile linked to Kartikeya N Desai mentions him being the Founder and CEO of Desai & Associates in Delhi, India .1
Given this context, it seems likely but not definitively confirmed by direct association through the specified LinkedIn handle.
To confirm his role specifically under the name "Kartik Desai," more detailed verification would be necessary. If you have access to the actual LinkedIn profile with that handle ("kartik-desai-a72498"), it would provide definitive information about his role and affiliation.
Highlights
We are delighted to share that Desai & Associates and NABSAMRUDDHI Finance Limited have signed an Memorandum of Understanding to develop a dedicated blended finance facility to fund and provide technical support to MSMEs in water, sanitation, and hygiene (WASH) infrastructure. This unique partnership is set against the backdrop of Nabsamruddhi's 'Climate Ready WASH Funding (CRWF)' initiative, launched in November 2023 with the support of NABARD and several esteemed partners. With the target to disburse INR 300 crore over the next three years, this program aims to strengthen WASH MSMEs by providing affordable access to finance support through a network of NBFCs.
As part of the partnership, Desai & Associates will develop a dedicated blended finance facility, called the 'Climate WASH Fund,' to make affordable debt financing accessible to WASH MSMEs leveraging various forms of concessional capital including credit guarantees, interest subvention and performance linked green rebates and manage the programme through a dedicated PMU which supports the end to end management of the facility.
The Fund will enable MSMEs across all relevant WASH segments like waste management, faecal sludge treatment, water treatment, water savings, sanitation, menstrual and bio-waste hygiene to grow and scale their businesses while contributing to India's net-zero development goals. The Fund aims to increase their access to credit and reduce their borrowing costs through partnerships with NBFCs, Foundations, CSRs and Family Offices that offer customised loan products, technical assistance, and concessional capital.
Through this collaboration, D&A reinforces its strong commitment to driving sustainable development through innovative finance and working closely with government to scale up blended finance programs. We are looking forward to working closely with Nabsamruddhi to empower WASH MSMEs by enhancing their investment readiness and building a robust pipeline of enterprises ready to absorb debt capital. Together, we are dedicated to India's journey towards a cleaner, safer, and more climate resilient future.
I would like to express my deepest gratitude to the MD of Nabsamruddhi Bonani Roychoudhury maam for giving us this opportunity as well as to the team at D&A that has spearheaded the the WASH Blended Finance initiative Aashir Sutar Viyona Mohan Aayushi Chaurasia and Jonathan John.
Say cheeeese impact investors council of India!
Thank you for the camaraderie and collaboration you have inculcated along our core tribe over the last several years.
And for expanding it as it must to new audiences and sources of capital ie all the wonderful family offices that joined in today.
Kudos to the leadership team and board for today. Thank you for a very productive and fun evening.
GIRISH AIVALLI Neha Bhatnagar Prachi Jain Windlass Jinesh Shah Srinivas Ramanujam Smita Sircar Starlene Sharma Aparna Dua Arvind Agarwal Impact Investors Council (IIC)
