The document discusses green finance initiatives in India. It outlines initiatives by major banks like the Reserve Bank of India, Punjab National Bank, ICICI, State Bank of India, and HDFC to promote green banking through paperless transactions, financing clean energy projects, and green products. It also discusses green jobs and green products/services available before concluding that India has potential for green financing through policy changes to establish a green economy.

2. CONTENTS
 INTRODUCTION
 INITIATIVES BY BANKS
 GREEN JOBS
 GREEN PRODUCTS AND SERVICES
 CONCLUSION

3. INTRODUCTION
 Green finance means invest capital in green industries.
 India is rich source of natural resources – converted
into renewable resource.
 The major source of capital are –
i. Domestic public finance.
ii. Private public finance.
iii. International public finance.

4. INITIATIVES BY BANK
 RESERVE BANK OF INDIA-
- increase use of electronic payment system.
- elimination of post-dated cheques.
- phase out cheques in day-to-day business
transactions.
- move towards less paper based
transactions.

5.  PUNJAB NATIONAL BANK-
- Provide finance to units producing clean energy.
- take steps for promotion of sustainable
development.
- envisaged to provide up 1% of its total advances to
wind energy.
- during 2010-2011, bank sanctioned 9 wind energy
projects.

6.  ICICI-
- Conducted paperless initiatives.
- support other organizations to go green.
- tried to reduce its footprint by providing alternate
and non-paper based channels.
- partnered with Indian government, world bank and
UNAID to support SME.

7.  STATE BANK OF INDIA –
- First Indian bank to venture into green power.
- introduced a scheme known as green homes.
- launched a loan product called ‘ carbon credit plus’.

8.  HDFC-
- Launched system of sending PIN through SMS.
- OTP is send to customers mobile number.
- transactions through ATM and Mobile Banking
leads to paperless trading.

9. GREEN JOBS
 Also called a GREEN COLLAR JOBS.
 Includes working in
- Agriculture
- Manufacturing
- Research and Development
- activities contributing substantially to preserving or
restoring environmental quality.

10. GREEN PRODUCTS AND SERVICES
 Green Home Mortgage
 Green debit and credit cards
 Carbon funds
 Green insurance
 Green commercial building loan
 Green auto and fleet loan
 Green mortgage based securities

11. CONCLUSION
 India has a vast potential for green financing as it is a
store house for renewable resources. Major changes are
requires in policies , government rules and regulations
for establishment of green economy.