The Role of Green Finance in Promoting Sustainable Business Practices in India: A Conceptual framework

Abstract Green finance has emerged as a critical mechanism for aligning capital allocation with environmental sustainability goals in India. This study examines how instruments such as green bonds, green loans, sustainability-linked finance, and related regulatory frameworks enable Indian businesses to adopt sustainable practices. This study also indicates that small-scale business organizations face limitations in accessing and benefiting from green finance due to inadequate awareness of the available regulatory frameworks, financial instruments, and related opportunities. The awareness of green finance has not yet reached the desired level within the business environment, which limits its effective adoption among small businesses.