New Delhi, April 17 -- Small Industries Development Bank of India (Sidbi) will sign an agreement with the Green Climate Fund in mid-May to support small businesses in adopting low-emission and climate-resilient technologies, according to two senior officials aware of the development.

The bank would infuse $800 million, a major portion of which will be raised to build a $1 billion fund, including the existing Global Climate Fund (GCF) for the project, the officials said on the condition of anonymity. "We are working on the modalities and hope to sign agreement with Green Climate Fund in the mid of May this year. Once the agreement is signed, then disbursal will start happening."

Micro, small and medium enterprises (MSMEs), which the Econ...