SIDBI and AFD Ink $100 Million Deal for MSME Sector
SIDBI and AFD, France have signed a $100 million credit facility agreement (CFA) to scale up Green Finance solutions for Indian micro, small, and medium enterprises (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 $100 million to SIDBI to deploy the funds to expand access to affordable financing for MSMEs investing in energy-efficient technologies, renewable energy solutions, and climate-friendly business practices. This initiative aligns with both institutions’ commitment to fostering sustainable economic development and enhancing climate resilience in emerging markets. The partnership leverages AFD’s global leadership in climate financing space and SIDBI’s understanding of MSME eco system. The partnership underscores the growing importance of sustainable finance in driving inclusive economic growth. By leveraging this credit facility, SIDBI aims to provide long-term financial solutions that enable MSMEs to adopt cleaner technologies, improve energy efficiency, and reduce their carbon footprint.
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