The Sustainable Finance Scheme programme is intended to introduce mid- to senior-level management to domestic and international developments in sustainable/green finance, emerging trends, new opportunities, and unexpected risks in financing “green” projects, as well as methods by which their organisations may take environmental considerations into account and integrate them into financial solutions.
Overview of Sustainable Finance Scheme
| Name | Sustainable Finance Scheme |
| Launch year | 2015 |
| Launched by | Government of India |
| Nodal Ministry | Ministry of Micro, Small and Medium Enterprises |
| Sector | Central sector scheme |
| Status | Active |
| Objective | providing funds for the development of projects that help in energy efficiency and cleaner production. |
| Official website | https://www.startupindia.gov.in/content/sih/en/government-schemes/sustainable-finance-scheme.html |
Objective and Benefits of Sustainable Finance Scheme
•New or existing MSME units would be qualified for assistance under the programme under the definition established under the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006.
•Existing units must have a positive performance record, be in good financial standing, and not be in arrears with institutions or banks.
•According to the internal credit rating methodology, the units must have a minimum credit rating of investment grade or its equivalent.
FAQ’s Frequently Asked Questions
Question-
Which global association is associated with a sustainable finance scheme?
Answer-
G20 nations
During the meeting, G20 nations sought for a sustainable international financing scheme, aimed to protect countries against future pandemic and reduce gaps in the health systems in the member countries.
