MAS to pilot green loan scheme for corporates
It will push banks to develop accessible green lending frameworks for SMEs.
The Monetary Authority of Singapore (MAS) has outlined plans for the Green and Sustainability-Linked Loan Grant Scheme (GSLS), an initiative under the Green Finance Action Plan, which will aid corporates in obtaining green and sustainability-linked loans.
It will defray the costs of engaging independent service providers to validate the green and sustainability characteristics of the loan.
The grant also further pushes banks to develop green and sustainable lending frameworks to make such financing more accessible to SMEs.
MAS will conduct a background briefing on the launch of the GSLS on 24 November. Gillian Tan, MAS assistant managing director for Development & International Group, will be chairing the briefing.