SIDBI and Shell Foundation Launch US $3.1 Million Initiative to Expand Access to Green Finance for Nano-Entrepreneurs
The Small Industries Development Bank of India (SIDBI), India’s principal financial institution engaged in promoting, financing & developing the micro, small and medium enterprises (MSMEs) sector and Shell Foundation, an independent charity that empowers underserved customers to raise their incomes while lowering emissions, announced today that they have partnered to launch the “Empower Nanopreneurs for Green Transition Risk Sharing Facility (EN-Trans RSF)” – a groundbreaking initiative designed to accelerate India’s transition to a green economy by improving access to finance for nano-entrepreneurs. This project was also funded as part of the Transforming Energy Access (TEA) partnership with the UK Foreign, Commonwealth & Development Office (FCDO).
Photo courtesy of Sandeepachetan.Com travel photography.
Source: Shell Foundation (link opens in a new window)
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