Fostering Green Finance through MSMEs for Sustainable India

Debasis Mohanty

School of Management, O. P. Jindal University, Raigarh, India.
debasisacademics@gmail.com

Sadhna Bagchi and Ram Girdhar

AAFT University of Media and Art, Raipur, India.
*Corresponding Author

Abstract

The practice of Sustainable Finance (SF) contributes to both economic development and improved financial conditions. This study intended to analyze the Indian strategy for the development of the green finance market to meet goals and objectives of sustainable development by implementing it in the SME sector. Green finance is essential to inclusive, resilient, and cleaner economic growth. It helps reallocate funds from governments, corporations, and philanthropies to support sustainable development initiatives. Accordingly, the focus of the current research is on the many green financing government initiatives undertaken and its scope in Indian perspectives. The report highlights the many difficulties associated with green financing in India and suggests ways to overcome these difficulties. This study is descriptive in nature, and it draws its data from a broad variety of secondary data sources, including government documents released by the Government of India and reports published by commercial and public sector organizations and institutions in India.

Key words: Green Finance, Sustainable Finance, Green initiative, Sustainable development, Climate change, MSMEs.

Citation:

Mohanty, D., Bagchi, S., and Girdhar, R. (2025). Fostering Green Finance through MSMEs for Sustainable India. OPJU Business Review, 4(1), 120-129. https://doi.org/10.63825/opjubr.2025.4.1.10

Read the full text