India is giving the grant to 12 Pacific Small Island Developing States (PSIDS) for developmental projects in their countries that are threatened by rising sea levels.
Prime Minister Narendra Modi, at the India-Pacific Islands Developing States (PSIDS) Leaders Meeting, held on the sidelines of the 74th UNGA, also announced a concessional Line of Credit of US$150 million for undertaking solar, renewable energy and climate related projects based on their requirement.