Centre's borrowing via green bonds so far at only 8.5% of FY25 budget

In 2022-23 and 2023-24, the Government of India had raised Rs 16,000 crores and Rs 20,000 crore, respectively, through the issuance of Sovereign Green Bonds (SGrBs).

The central government has so far raised Rs 1,697.398 crore (8.5 percent) via issuances of green bonds out of the budgeted amounts of Rs 20,000 crore in 2024-25, the finance ministry said in a written response in the lower house of the Parliament on November 25.

In 2022-23 and 2023-24, the Government of India had raised Rs 16,000 crore and Rs 20,000 crore, respectively, through the issuance of Sovereign Green Bonds (SGrBs).

The proceeds from these bonds are allocated under the eligible green schemes or projects of the various ministries and departments, which help in reducing the economy’s carbon intensity, as per the Framework of Sovereign Green Bonds.

Out of the gross market borrowing of Rs 14.01 lakh crore budgeted for 2024-25, Rs 6.61 lakh crore (47.2 percent) is planned to be borrowed in the second-half of the current fiscal through issuance of dated securities, including Rs 20,000 crore of Sovereign Green Bonds.