Question
With reference to NABARD’s Green Lending Facility,
consider the following statements: 1. NABARD has set a target of lending ₹10,000 crore in FY26 under this facility. 2. The minimum loan amount under the scheme is ₹100 crore. 3. Projects related to ethanol plants, electric vehicles (EVs), and other green initiatives are eligible for financing. Which of the statements given above is/are correct?Solution
• Statement 1 is incorrect: NABARD announced that it would lend ₹10,000 crore in FY25, not FY26, under the Green Lending Facility. • Statement 2 is correct: The minimum loan amount is set at ₹100 crore for eligible projects. • Statement 3 is correct: The facility will finance ethanol plants, EV-related projects, and other green initiatives undertaken by Central/State governments, agencies, and private entities. This scheme, launched in FY25, is a key part of NABARD’s push for green infrastructure and clean energy in line with India’s Sustainable Development Goals (SDGs). Thus, the correct answer is (b) 2 and 3 only.
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