Avaana Sustainability Fund

  • Development bank SIDBI announced approval from the Green Climate Fund (GCF) for its first anchored project, the Avaana Sustainability Fund (ASF), valued at USD 120 million.
  • ASF aims to invest in early-stage companies leveraging technology-led innovation for climate solutions in India.
  • Anticipated outcomes include contributions to climate change mitigation, adaptation, and enhancing resilience in vulnerable sectors.
  • SIDBI's ASF project is the first of its kind in India, emphasizing the country's commitment to climate finance and the Paris Agreement.
  • The Green Climate Fund, integral to the Paris Agreement, is the largest climate fund globally.
  • GCF assists developing countries in achieving their ....
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