Be a Part of the Namami Gange Mission – As a Strategic Bank Partner

This is a high-level opportunity for reputed banks to participate in a World Bank-backed infrastructure program. Appointed banks will issue Letters of Credit totaling USD 9 million for sewage treatment infrastructure across 3 major cities under the Clean Ganga Mission.

ENGLISHBANKINGFINANCE

4/19/20252 min read

India’s flagship Namami Gange Programme, backed by the World Bank, has created a unique opportunity for financial institutions to contribute meaningfully to the nation’s clean water and sustainability goals.

The National Mission for Clean Ganga (NMCG) is inviting proposals from qualified banks to act as the Issuing Bank for a portfolio Letter of Credit (LC) worth USD 9 million, supporting infrastructure under the Second National Ganga River Basin Project.

This is your moment to be part of history – with stability, prestige, and long-term structured finance opportunity.

📊 Tender Snapshot

Tender Number: G-35/3/2024-BUDGET-NMCG
Issuing Authority: National Mission for Clean Ganga (NMCG), Ministry of Jal Shakti
Industry: Finance & Infrastructure
Sub Industry: Structured Trade Finance / Project Finance
Scope of Work (Brief): Act as LC Issuing Bank for USD 9 million standby credit for 3 STP projects
Scope of Work (Detailed): Provide USD 9M portfolio LC (backed by IBRD guarantee) to Escrow Bank supporting HAM PPP sub-projects in Agra, Meerut, and Saharanpur
Submission Last Date: 30th April 2025 (Revised)
Eligibility Criteria: Indian/International banks with ‘A’ rating or above; 5+ structured finance transactions in 5 years; presence in India with experienced team
Bid Security (EMD): Not specified (No mention of EMD in the RFP)
Evaluation Criteria: Technical (credit rating, experience, presence) + Financial (fees + loan margin)
Performance Security & Warranty: Not applicable (covered by IBRD guarantee structure)
Key Contacts: Director General, NMCG, India Gate, New Delhi – tl.procurement@nmcg.nic.in

🔍 What Makes This Opportunity Unique

Backed by World Bank Guarantee (IBRD)
Structured Finance Model with minimal exposure
Long-Term Visibility till 2042 across 3 major infrastructure projects
Transparent evaluation based on fees and margin only
Aligned with GoI’s marquee clean water mission

✅ Who Can Apply?

Banks (domestic or international) that:

Hold an investment-grade credit rating (Moody's/Fitch/S&P or CRISIL/ICRA)
Have executed 5+ structured LC transactions in the last 5 years
Maintain a physical and operational presence in India

🪜 How to Apply in 4 Steps

Download RFP from eprocure.gov.in
Ensure Eligibility: Check your credit rating, deal credentials, and local team
Prepare Technical & Financial Bids using provided formats
Submit Online before 1st July 2024, 3 PM IST

💡 Final Thoughts for Senior Bankers

This is not a standard LC issuance. It’s an institutional-level finance opportunity to support environmental sustainability and secure long-term strategic visibility.