International Journal For Multidisciplinary Research
E-ISSN: 2582-2160
•
Impact Factor: 9.24
A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal
Home
Research Paper
Submit Research Paper
Publication Guidelines
Publication Charges
Upload Documents
Track Status / Pay Fees / Download Publication Certi.
Editors & Reviewers
View All
Join as a Reviewer
Reviewer Referral Program
Get Membership Certificate
Current Issue
Publication Archive
Conference
Publishing Conf. with IJFMR
Upcoming Conference(s) ↓
WSMCDD-2025
GSMCDD-2025
Conferences Published ↓
RBS:RH-COVID-19 (2023)
ICMRS'23
PIPRDA-2023
Contact Us
Plagiarism is checked by the leading plagiarism checker
Call for Paper
Volume 6 Issue 5
September-October 2024
Indexing Partners
The Implementation of Green Credit Program from Macro to Micro in India: Economic, Environmental, and Social Impact
Author(s) | ABHAY PRATAP SINGH CHAUHAN, NAGENDRA PRATAP SINGH |
---|---|
Country | India |
Abstract | This research explores the Green Credit Program (GCP) in India, an innovative financial mechanism designed to foster sustainable development while addressing pressing economic, environmental, and social challenges. Launched by the Ministry of Environment, Forest and Climate Change (MoEFCC), the GCP aims to incentivize environmentally beneficial activities, promoting investments in renewable energy, afforestation, sustainable agriculture, and other green projects. This study assesses the program's economic, environmental, and social impacts through a mixed-methods approach, combining econometric analysis and case studies. The findings suggest that the GCP contributes to India's GDP, significantly reduces greenhouse gas (GHG) emissions, and enhances social welfare, although it faces regulatory and financial challenges. The research also advocates for integrating parallel sustainability programs for greater efficiency. |
Keywords | Green Credit Program (GCP), Sustainable Development Finance, Green Financing Mechanisms, Economic Impact of Green Bonds, Environmental Policy Integration, Renewable Energy Investments, Greenhouse Gas Emissions Reduction, Afforestation and Conservation, Social Welfare and Green Financing, Economic Growth and Sustainability, Green Credit Incentives, Rural Employment and Green Projects, Public Health Improvement through Green Initiatives, Poverty Alleviation through Sustainable Development, Regulatory Challenges in Green Finance, Financial Sector Innovations, Endogenous Growth and Green Investment, Public Awareness in Environmental Programs, India’s Climate Action Framework, Impact of Green Credit on GDP |
Published In | Volume 6, Issue 5, September-October 2024 |
Published On | 2024-09-17 |
Cite This | The Implementation of Green Credit Program from Macro to Micro in India: Economic, Environmental, and Social Impact - ABHAY PRATAP SINGH CHAUHAN, NAGENDRA PRATAP SINGH - IJFMR Volume 6, Issue 5, September-October 2024. DOI 10.36948/ijfmr.2024.v06i05.27596 |
DOI | https://doi.org/10.36948/ijfmr.2024.v06i05.27596 |
Short DOI | https://doi.org/gzwpv3 |
Share this
E-ISSN 2582-2160
doi
CrossRef DOI is assigned to each research paper published in our journal.
IJFMR DOI prefix is
10.36948/ijfmr
Downloads
All research papers published on this website are licensed under Creative Commons Attribution-ShareAlike 4.0 International License, and all rights belong to their respective authors/researchers.