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SIDBI and AFD, France sign $100 million agreement to enhance green finance
Industry News- Feb 13,25
The partnership is designed to support sustainable growth and facilitate the transition to a low-carbon economy.
Small Industries Development Bank of India (SIDBI) and Agence Française de Développement (AFD), France have signed a $100 million credit facility agreement (CFA) to expand green finance solutions for Indian micro, small, and medium enterprises (MSMEs).
The partnership is designed to support sustainable growth and facilitate the transition to a low-carbon economy. Under the agreement, AFD will provide SIDBI with a $100 million credit line, which SIDBI will use to offer affordable financing to MSMEs investing in energy-efficient technologies, renewable energy solutions, and climate-friendly business practices.
This initiative reflects the commitment of both organisations to fostering sustainable economic development and strengthening climate resilience in emerging markets. The partnership leverages AFD’s expertise in climate finance and SIDBI’s deep understanding of the MSME sector.
Lise Breuil, Country Director-India, AFD, stated, “We are honored to support India’s transition to a more sustainable and resilient economy. This agreement with SIDBI represents a crucial step in empowering MSMEs to embrace sustainable solutions. MSMEs will be instrumental in achieving India’s carbon neutrality goal by 2070. This partnership also complements our Greening Indian Financial System (GIFS) initiative, which aims to integrate sustainability and climate considerations into the strategies of Indian financial institutions, starting with Development Finance Institutions in the public sector.”
Manoj Mittal, Chairman and Managing Director, SIDBI, emphasised, “This partnership aligns with India’s net-zero commitments and reinforces our shared vision for a greener, more inclusive economy. The credit facility will help MSMEs adopt cleaner technologies, enhance energy efficiency, and reduce their carbon footprint, further driving India’s sustainable growth agenda.”
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