Govt to finance green bond projects and initiatives under 9 categories

Proceeds will be deposited in the Consolidated Fund of India

green finance

The GFWC will also release an annual report on the status of green projects, which are being financed by the government

Arup Roychoudhury New Delhi
The Centre will finance projects and initiatives in nine broad categories through its ~16,000-crore green bond offering this year and future issuances. This would be in accordance with the new Green Bond Framework released by the finance ministry on Wednesday.

The proceeds from green bond issuances will be deposited in the Consolidated Fund of India in line with the regular treasury policy.

They will then be made available for eligible green projects.

First Published: Nov 09 2022 | 8:28 PM IST

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