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Home » CleanTech/ Renewable Energy » SIDBI inks pact with German Govt Development Bank KfW to support cleantech sectors in India

SIDBI inks pact with German Govt Development Bank KfW to support cleantech sectors in India

The Small Industries Development Bank of India (SIDBI) and the German Government`s Development Bank KfW, on Monday signed an agreement for financial assistance totaling EURO 54 million (approximately Rs 3.75 billion).

The agreement is to support the development and diffusion of innovative technologies by micro, small and medium enterprises (MSMEs) operating in designated clean technology sectors.

Under the agreement, KfW will provide concessional loan and technical assistance to support financing of MSMEs for developing new energy efficiency, renewable energy, waste management, pollution control and other clean technologies.

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