Skip to main content

Posts

Showing posts with the label Green Credit

Green Credit Policy of India

  Green Credit Policy of India The Green Credit Policy of India is a significant initiative aimed at promoting investments in renewable energy and sustainable projects to combat climate change and reduce the country's carbon footprint. The policy was introduced to encourage banks and financial institutions to prioritize lending to green projects and provide incentives for the adoption of clean energy technologies. The primary goal is to accelerate the transition towards a low-carbon economy and achieve India's renewable energy targets. Key Features of the Green Credit Policy: Categorization of Green Activities: Under the Green Credit Policy, eligible green activities are categorized into renewable energy, energy efficiency, green buildings, waste management, sustainable water management, and other environmentally friendly projects. Green Credit Quota: The policy proposes that banks and financial institutions maintain a specific percentage of their total lending as a "Green...