Context:
The National Bank for Agriculture and Rural Development (NABARD) has announced plans to disburse around ₹10,000 crore in FY25 under its newly introduced Green Lending Facility, aimed at supporting projects aligned with India’s Sustainable Development Goals (SDGs).
Green Lending Facility
A Green Lending Facility is a financial mechanism that provides loans specifically for projects with positive environmental impacts, promoting sustainable development and reducing carbon footprint.
Key Highlights:
- Eligibility & Scope:
- Borrowers: Central and State governments, government agencies, and private sector entities.
- Minimum loan size: ₹100 crore.
- Eligible sectors: Green infrastructure projects including ethanol production plants, electric vehicles (EVs), an other climate-aligned initiatives.
- Strategic Objective:
- The initiative is part of NABARD’s broader mandate to foster environmentally sustainable rural and agri-infrastructure, complementing national climate commitments and energy transition goals.
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