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Sidbi, GCF to ink deal to support small biz

Mint Kolkata

|

April 18, 2025

Sidbi would infuse $800 mn, a major portion of which will be raised to build a $1 bn fund, including the existing GCF

- Vijay C. Roy

Small Industries Development Bank of India (Sidbi) will sign a pact with the Green Climate Fund (GCF) in mid-May to support small businesses in adopting low-emission and climate-resilient technologies, according to two senior officials aware of the development.

The bank would infuse $800 million, a major portion of which will be raised to build a $1 billion fund, including the existing GCF for the project, the officials said on the condition of anonymity.

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