India Green Guarantee

The India Green Guarantee is a guarantee provided by the UK. The British Government has provided this guarantee to the World Bank. Through this guarantee, the World Bank will now provide loans to India. The guarantee was provided during the COP26 held in November 2021 in Glasgow.

About India Green Guarantee

The UK Government has provided “India Green Guarantee” to the World Bank. Through this guarantee around 750 million pounds are to be unlocked to India. These funds are to be used for green projects in India. The India Green Guarantee Financing is to help India build resilient infrastructure in sectors such as urban development, clean energy and transport. With the India Green Guarantee the Electric Vehicles in India will increase.

How will India Green Guarantee benefit India?

In November 2021, the United Kingdom government planned to invest 210 million pounds in the developing countries. This financing is to go to schemes such as green bonds in Vietnam, electric vehicles manufacturing in India, solar power projects in Pakistan, Faso, Nepal and Chad. Thus, the India Green Guarantee that provides loan guarantee to build infrastructure in India will help boost their investments made in India. India is also benefitted equally. This is because, such investments will provide job opportunities and help in economic growth of the country.