If your business goes green, you may soon get bank loans at concessional rates. Banks, on their part, should set up green funds and have a chief green officer, according to guidelines on green banking framed by RBI’s arm, the Institute for Development and Research in Banking Technology (IDRBT). The IDRBT has asked banks to extend
concessional loans to companies/individuals who undertake environment-friendly projects. Enquiries with some banks revealed they are in the process of examining the guidelines and might come up with specific policies soon.
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