The partial risk guarantee fund for energy efficiency (PRGFEE) is a risk sharing mechanism that provides Yes Bank with a partial coverage of risk involved in extending loans to energy efficiency projects with an objective of scaling-up Energy Efficiency investments in India.
"This MoU is a formal agreement between Yes Bank and BEE (Bureau of Energy Efficiency), a statutory body under Ministry of Power, Government of India, to channelize bank finance for energy efficiency projects through BEE approved Energy Services Companies (ESCOs)," a press statement said.
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