Invoice Bazaar Blog

SIDBI signs deals to enable Indian MSMEs to boost energy efficiency

By Invoice Bazaar | September 19, 2022

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.

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