Sidbi project gets USD 215.6 mn funding from Green Climate Fund

MUMBAI: Small Industries Development Bank of India on Monday said the Green Climate Fund (GCF) has approved a USD 215.6 million loan facility for one of its projects.

The funding is for implementing Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses, as per an official statement.

It will support Indian micro, small and medium enterprises (MSMEs) to adopt low-emission and climate-resilient technologies, thereby contributing to the net-zero targets of the country.