SIDBI and AFD, France signed a $100 million credit facility agreement
- SIDBI and AFD, France signed a $100 million credit facility agreement.
- This agreement has been signed to scale up green finance solutions for Indian MSMEs.
- A credit line of $100 million will be provided by AFD to SIDBI.
- Under the agreement, the credit line will be to deploy the funds to expand access to affordable financing for MSMEs.
- This will be for MSMEs investing in energy-efficient technologies, renewable energy solutions, and climate-friendly business practices.
- AFD is a public financial institution. It implements the development and international solidarity policies of France.
