How much amount of loan guarantee program has been announced jointly by USAID and DFC to finance inv...........

Current GK ( Master) International Affairs

How much amount of loan guarantee program has been announced jointly by USAID and DFC to finance investments by Indian small and medium enterprises (SMEs) in renewable energy solutions ?

USD 41 million

USD 31 million

USD 51 million

USD 61 million

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Explanation:

The United States Agency for International Development (USAID) and the US International Development Finance Corporation (DFC) have announced a USD 41 million-loan guarantee program to finance investment in renewable energy solutions by Indian SMEs.
The USD 41 million loan portfolio guarantee program by USAID and DFC will enable finance investments by Indian small and medium enterprises (SMEs) in renewable energy solutions, including rooftop solar installations. These loans will enable SMEs to access reliable power and cut costs.