DIP: 18.02.S19/20251004 
DOI: 10.25215/2455/1004S19 
Abstract
Rapid economic growth has come in a country after expenses of the environment. The protection of environment and preserving natural resources is more important for a country like India. Each country has used to various environmentally friendly technology for protecting and significantly improvement of their environment. Green finance has become an emerging concept in the area of finance. The idea behind green financing is to provide funding for projects that mitigate the effects of climate change, protect the environment, increase the amount of green space, invest in renewable energy sources, and support any other project linked to sustainable development. The importance of green finance in helping India transition to a net zero economy is becoming increasingly apparent as sustainability moves up the national, cross-sectoral, and policy agenda. The Reserve Bank of India (RBI) has implemented guidelines for banks and non-bank financial institutions (NBFCs) to take green deposits, in response to the government’s push for sustainable development and the growing demand from businesses and investors to establish strong sustainability credentials. The goal is to guarantee that funds are allocated for clean mobility, energy efficiency, coping with climate change, sustainable water and waste management, green building, and the preservation of aquatic species. To attain net zero emissions by 2070, India will require an estimated expenditure of Rs 716 lakh crores and Rs 162.5 lakh crores till 2030.The paper examines the numerous green financing initiatives implemented by both public and private sector organizations. It also provides fresh perspectives on the efficacy of green finance as a sustainability strategy. This descriptive analysis draws upon secondary data from several government publications published by the Indian government, Indian banks, public and private sector organizations, and other entities.
The author(s) appreciates all those who participated in the study and helped to facilitate the research process. 
The author(s) declared no conflict of interest. 
ISSN 2455-670X