SIDBI project gets $215.6M funding from Green Climate Fund

Quick Summary:

SIDBI will implement Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses and support them to adopt low-emission and climate-resilient technologies.

SIDBI said it has already approved its maiden project under the facility by allocating $24.5 million to Avaana Sustainability Fund to kindle the startup ecosystem.

The funding is for implementing Financing Mitigation and Adaptation Projects (FMAP) in Indian small businesses, as per an official statement.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Funding $215 Facility Sidbi Technologies Policy Privacy Project Small Million Adaptation

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 06:06:29 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 212 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 21746567

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Official Website: yourstory.com

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