Long-Term USD Debt Investment for Textile Manufacturers Grant
In context
This call is open to small and medium-sized businesses and large companies, at scale-up and mature. Funding is a loan of Up to $2,500,000. Coverage is read from the notice itself: India and Bangladesh.
The Good Fashion Fund provides long-term USD loans to textile and apparel manufacturers in India and Bangladesh to finance adoption of sustainable production technologies that achieve at least 50% reduction in materials, energy, or water use. Loans up to $2.5M are paired with technical, environmental, and social expertise to support investees.
About this grant
The Good Fashion Fund is a first-of-its-kind initiative providing long-term USD debt financing to textile and apparel manufacturers in India and Bangladesh to implement highly impactful and disruptive production technologies. The fund addresses the systemic environmental and social challenges in apparel supply chains, including water pollution, hazardous chemical use, textile waste, low wages, gender inequality, and lack of transparency. By connecting promising technologies to manufacturers and providing long-term USD debt alongside technical and environmental and social expertise, the fund helps manufacturers adopt sustainable production methods that use recyclable and safe materials, reduce energy consumption, implement closed-loop manufacturing, and create fair jobs and growth.
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Eligibility
Textile and apparel manufacturers located in India and Bangladesh. The fund targets both SMEs and larger manufacturers seeking to invest in high-impact technologies and production methods. Investees should be able to demonstrate that their projects will result in at least 50% reduction in one of three relevant impact areas: Materials, Energy, or Water.
How it's scored
Applications are assessed based on the potential impact of the technology adoption on environmental and social outcomes, with particular focus on achieving at least 50% reduction in Materials, Energy, or Water usage. The fund evaluates the financial viability and payback periods of proposed technologies, with loans structured to match the repayment capacity of manufacturers. Technical expertise is mobilized through partnerships with Fashion for Good and other industry experts to assess technology feasibility and impact potential.
Key requirements
- ✓Textile or apparel manufacturer based in India or Bangladesh
- ✓Project must achieve at least 50% reduction in materials, energy, or water consumption
- ✓Loan amounts up to $2,500,000 USD
- ✓Willingness to engage with technical, environmental, and social expertise mobilized by the funder
Frequently asked questions
- How much funding does Good Fashion Fund offer?
- Long-Term USD Debt Investment for Textile Manufacturers offers up to $2.5M.
- Who can apply for Long-Term USD Debt Investment for Textile Manufacturers?
- Eligibility covers organisations in IN, BD; sme, large-company. See the eligibility criteria above for the full conditions.
Relevant sectors
How this compares
- Compared with 23 similar grants (circular in India) listed in the last 12 months.
- The same organisation listed 2 other similar grants here in the last 12 months.
Closest open grants
Figures are computed from notices listed on Raise Lens in the same sector and country over the last 12 months.
About this sector
Circular economy funding supports reuse, repair, remanufacturing, product redesign and secondary materials markets. Grants tend to back pilots with businesses and local authorities, while tenders buy collection, sorting and recovery services. Applicants are usually asked to show the material flows involved and who will buy the recovered output.
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