Nimish Maheshwari & Aditya Baheti

Blended finance has emerged as a critical mechanism for mobilising private capital towards development-oriented and high-risk sectors, particularly in emerging economies such as India. By combining concessional capital with commercial investment, it seeks to address structural market failures, including information asymmetry, lack of credit access, and the underfunding of socially significant sectors such as MSMEs, climate infrastructure, and women-led enterprises. Despite its growing...