The Small Industries Development Bank of India (SIDBI) has signed agreements with multiple stakeholders to enable Indian MSMEs to integrate energy efficiency into their operations. This development will also help the concerned small businesses contribute to India’s Sustainable Development Goals (SG) targets for 2030. The first deal has been signed with German development agency, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, for a Risk Sharing Facility (RSF). It will ensure credit guarantees to MSMEs for loans and will have an initial budget of EUR 4.2 million. Meanwhile, about 15 waste management firms have indicated an interest in the debt guarantee offered by the RSF.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.