SBI, AFD signal 100 million line of credit score to spice up inexperienced financing in India

State Bank of India (SBI) on Saturday (August 30, 2025) mentioned it has signed a Line of Credit settlement of €100 million with Agence Française de Développement (AFD) at its GIFT City department to spice up inexperienced financing within the nation.

“The funds mobilised by this partnership will probably be utilised in Climate Mitigation Actions geared toward decreasing greenhouse gasoline emissions to decelerate world warming and local weather adaptation measures designed to regulate techniques, practices, and infrastructure to minimise the injury brought on by present or anticipated impacts of local weather change,” SBI mentioned in an announcement. 

“By empowering these measures, this collaboration strives to additional advance India’s transition to a low-carbon economic system whereas enhancing resilience to climate-related dangers,” it mentioned.

SBI has a objective of attaining a inexperienced portfolio constituting 7.5-10% of its home gross advances by 2030. Additionally, this credit score line may also allow the financial institution to offer aggressive financing options that may additional strengthen India’s inexperienced transition drive.

“The Bank has been elevating LoCs from MDBs and DFIs and deploying the funds to help particular inexperienced/sustainable actions. Through this collaboration with AFD, we’re not solely advancing our inexperienced finance roadmap but additionally enabling impactful local weather options throughout India. This partnership displays our unwavering dedication to sustainability and the imaginative and prescient of Viksit Bharat by 2047,” a senior SBI official mentioned.