ENA MSME 2025-02-13 13:43:27 <p><span style="font-size:14px"><strong>New Delhi, Feb 13 (KNN)</strong> The Small Industries Development Bank of India (SIDBI) has entered into a significant credit facility agreement with the French Development Agency (AFD), securing a USD 100 million funding commitment to enhance green financing solutions for Indian micro, small, and medium enterprises (MSMEs). </span></p> <p><span style="font-size:14px">This strategic partnership is designed to accelerate sustainable growth initiatives and facilitate India's transition toward a low-carbon economic model.</span></p> <p><span style="font-size:14px">The credit line will enable SIDBI to expand its financial support to MSMEs seeking to implement energy-efficient technologies, adopt renewable energy solutions, and incorporate climate-friendly business practices. </span></p> <p><span style="font-size:14px">This collaboration capitalises on AFD's extensive experience in climate financing and SIDBI's deep understanding of the MSME ecosystem to deliver targeted sustainable development solutions.</span></p> <p><span style="font-size:14px">Speaking about the partnership, AFD Country Director for India, Lise Breuil, emphasised the agreement's strategic importance in supporting India's environmental objectives. </span></p> <p><span style="font-size:14px"> The USD 100 million credit line signed with SIDBI marks a crucial step in empowering MSMEs to invest in sustainable solutions, Breuil stated. </span></p> <p><span style="font-size:14px">She highlighted that this initiative complements AFD's existing work on the Greening Indian Financial System Platform, which focuses on incorporating sustainability measures into Indian financial institutions' strategies.</span></p> <p><span style="font-size:14px">SIDBI Chairman and Managing Director Manoj Mittal reinforced the significance of this collaboration in advancing India's national net zero commitments. </span></p> <p><span style="font-size:14px"> This partnership marks a significant step towards India's national net zero commitments, Mittal remarked. </span></p> <p><span style="font-size:14px">He emphasised that the credit facility would enable SIDBI to provide comprehensive long-term financial solutions to help MSMEs transition to cleaner technologies and enhance their energy efficiency while reducing their environmental impact.</span></p> <p><span style="font-size:14px">The partnership represents a strategic alignment between both institutions' commitment to sustainable economic development and climate resilience in emerging markets. </span></p> <p><span style="font-size:14px">Through this initiative, SIDBI and AFD aim to create a more sustainable and environmentally conscious MSME sector, contributing to India's broader goal of achieving carbon neutrality by 2070.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 41046 https://knnindia.co.in/news/newsdetails/msme/msmes-get-usd-100-mn-green-financing-from-sidbi-afd-deal 2025-02-13 13:43:27 knnindia.co.in