Current Affairs - Finance - Discussion

The Small Industries Development Bank of India (SIDBI) received funding approval of $215.6 million from the Green Climate Fund to establish a $1 billion corpus for financing mitigation and adaptation projects for Medium and Small Enterprises (MSMEs). This fund aims to provide nearly 10,000 concessional loans to promote low-emission, climate-resilient technologies, contributing to substantial greenhouse gas emission reductions and benefiting millions of vulnerable communities.