Question
Which of the following statements is NOT true about the
utilization of Sovereign Green Bonds (SGBs) in India?Solution
Statement A is true as energy infra ministries have indeed sought ₹32,000 crore for various green projects through SGBs. Statement B is true as the MNRE has requested ₹10,000 crore for solar projects under the PM Kusum scheme and NGHM. Statement C is true since funds from SGBs are being used for public transport and green railway projects, including metro rail constructions. Statement D is NOT true because India launched its first SGB in 2023, not 2022, and raised ₹16,000 crore in FY23 while planning to raise ₹20,000 crore in FY24. Statement E is true as the Budget Estimates for FY25 do include substantial allocations for various green projects, including solar energy, wind energy, and energy-efficient electric locos. Therefore, the incorrect statement is D, making it the correct answer for this question.
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I. Agriculture
II. Industry
III. Services
IV. Personal loans
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