Archive · 23 Jun 2025
Standard Chartered Bank Plans Green Loans for Indian SMEs
Standard Chartered Bank wants to help small businesses go green by offering them loans for eco-friendly projects.
They are looking for partners to help track how the money is used and its impact on the environment.
The bank already has a lot of money invested in green projects and is expanding its business to India, one of its top markets for small businesses.
The goal is to encourage more companies to be environmentally friendly, with the help of government programs like the MSME Green Investment Financing for Transformation scheme.
Standard Chartered Bank is seeking partners to offer green loans to small and medium-sized enterprises (SMEs) in India.
The bank has a pilot project for green lending in Singapore and is considering similar products in India.
Standard Chartered currently has $17.39 billion in green assets globally, as of September 2024.
The bank is focusing on growing its SME business in India and has approximately 27,000 SME customers in the country.
The Indian government has introduced a scheme to provide discounted financing for small businesses to adopt green technologies.
- Who
- Standard Chartered Bank and small and medium enterprises (SMEs).
- What
- Standard Chartered Bank is looking for partners to offer green loans to small businesses in India.
- When
- As of September 2024, the bank had $17.39 billion in green assets.
- Where
- India
- Why
- To support eco-friendly projects and help small businesses adopt green technologies.
- Bank
- Standard Chartered
- Focus
- Green lending to SMEs
- Green Assets (Global)
- $17.39 billion (Sept 2024)
- SME Customers (India)
- ~27,000
- Government Scheme
- MSE - GIFT