New Delhi: Small Industries Development Bank of India ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/sidbi” target=”_blank”>SIDBI) and ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/afd” target=”_blank”>AFD, France have signed a USD 100 million credit facility agreement (CFA) to scale up ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/green-finance” target=”_blank”>Green Finance solutions for Indian micro, small, and medium enterprises ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/msmes” target=”_blank”>MSMEs). The partnership aims to support sustainable growth and drive the transition towards a low-carbon economy.
Under this agreement, AFD will provide credit line of USD 100 million to SIDBI to deploy the funds to expand access to affordable financing for MSMEs investing in energy-efficient technologies, ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/renewable-energy-solutions” target=”_blank”>renewable energy…
