New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which of the following statements is NOT true about the

    utilization of Sovereign Green Bonds (SGBs) in India?
    A Energy infra ministries have sought ₹32,000 crore for green energy, energy transition, and transit-development projects through SGBs. Correct Answer Incorrect Answer
    B The Ministry of New and Renewable Energy (MNRE) has requested ₹10,000 crore for solar projects under the PM Kusum scheme and National Green Hydrogen Mission (NGHM). Correct Answer Incorrect Answer
    C The funds from SGBs are being used for public transport and green railway projects, including metro rail constructions near Kolkata airport and in Majerhat. Correct Answer Incorrect Answer
    D India launched its first SGB in 2022 to access the global climate finance market, raising ₹16,000 crore in FY23 and planning to raise ₹20,000 crore in FY24. Correct Answer Incorrect Answer
    E Budget Estimates for FY25 include significant increases for green projects, such as ₹10,000 crore for solar energy, ₹930 crore for wind energy, and ₹12,000 crore for energy-efficient 3-phase electric locos. Correct Answer Incorrect Answer

    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.

    Practice Next

    Relevant for Exams: