This report is the result of a detailed study on ‘Regulatory Barriers and Levers for Deploying Foreign Catalytic Capital in Impact-Focused Enterprises, Funds & Facilities in India’ conducted by Desai & Associates (D&A) in partnership with Prime Coalition and with the support of the Lemelson Foundation. Overall, the study has the following key objectives:

1. Map the different financial pathways for aggregating US and European catalytic capital in India to support Indian social enterprises, defined as both for-profit and nonprofit enterprises with a social and/or environmental mission.
2. Assess the legal, structural, financial, and operational challenges of channeling capital via these pathways and identify potential solutions, including recommendations for possible intermediation to bring catalytic capital into India.
3. Develop a shared taxonomy for funders and recipients of catalytic capital, and create a public report useful to all stakeholders interested in bringing such capital into India.