Which organization received funding approval from the Green Climate Fund to create a $1 billion corpus for green financing?

A)
NABARD
B)
SIDBI
C)
State Bank of India
D)
Asian Development Bank

Correct Answer :   SIDBI


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.

Published On : July 24, 2024