INTRODUCTION
Mahatma Phule Renewable Energy and Infrastructure Technology Ltd (“MAHAPREIT”) (Subsidiary of MPBCDC Ltd, a GoM Undertaking) has constituted a Category-II Alternate Investment Fund (AIF) having SEBI Registration No. IN/AIF2/22-23/1109 with a fund size of INR 500 Cr. With a Green shoe option of INR 500 Cr. The fund is sponsored and managed by MAHAPREIT with the acting Trustee as MITCON-Credentia Trusteeship Services Ltd.
MAIF aims to Invest in projects focusing on uplifting economically backward communities while prioritizing environmental sustainability across various domains, including:
· Renewable energy
· Environment/disaster management
· Infrastructure development
· Agro-processing Value chain & Biofuels
· Electric Vehicle Charging Station
· Affordable housing
MAIF evaluates commercially viable projects based on the following factors:
1. Previous business track record/New project viability
2. Project Growth Prospects
3. Business model efficiency
4. Financial feasibility
5. Social Impact
6. The project is to be Sponsored / Implemented by the promoter and preferences will be given to the Backward community or the company that provides direct/indirect benefits to backward communities.
7. Exit Potential