Fostering Green Finance through MSMEs for Sustainable India

The practice of Sustainable Finance (SF) contributes to both economic development and improved financial conditions. This study intended to analyze the Indian strategy for the development of the green finance market to meet goals and objectives of sustainable development by implementing it in the SME sector. Green finance is essential to inclusive, resilient, and cleaner economic growth. It helps reallocate funds from governments, corporations, and philanthropies to support sustainable development initiatives. Accordingly, the focus of the current research is on the many green financing government initiatives undertaken and its scope in Indian perspectives. The report highlights the many difficulties associated with green financing in India and suggests ways to overcome these difficulties. This study is descriptive in nature, and it draws its data from a broad variety of secondary data sources, including government documents released by the Government of India and reports published by commercial and public sector organizations and institutions in India.

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Publication Details

Journal
OPJU Business Review
Published
2025-04-29
DOI
https://doi.org/10.63825/opjubr.2025.4.1.10
Primary Topic
Innovation and Socioeconomic Development
Type
article
Field-Weighted Citation Impact
0.00
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Fostering Green Finance through MSMEs for Sustainable India

Debasis Mohanty, Sadhna Bagchi, Ram Girdhar
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OPJU Business Review
Innovation and Socioeconomic Development
article

Fostering Green Finance through MSMEs for Sustainable India

Debasis Mohanty, Sadhna Bagchi, Ram Girdhar
article en

Abstract

The practice of Sustainable Finance (SF) contributes to both economic development and improved financial conditions. This study intended to analyze the Indian strategy for the development of the green finance market to meet goals and objectives of sustainable development by implementing it in the SME sector. Green finance is essential to inclusive, resilient, and cleaner economic growth. It helps reallocate funds from governments, corporations, and philanthropies to support sustainable development initiatives. Accordingly, the focus of the current research is on the many green financing government initiatives undertaken and its scope in Indian perspectives. The report highlights the many difficulties associated with green financing in India and suggests ways to overcome these difficulties. This study is descriptive in nature, and it draws its data from a broad variety of secondary data sources, including government documents released by the Government of India and reports published by commercial and public sector organizations and institutions in India.

OPJU Business ReviewVol. 4(1)
Openalex Percentile: Top 83%
Innovation and Socioeconomic Development
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Fostering Green Finance through MSMEs for Sustainable India — Debasis Mohanty, Sadhna Bagchi, et al. · OPJU Business Review (2025) | TGRS Research Map | TGRS