Mains Answer Writing
Concept Mapping Mentorship- Covering Syllabus Through Themes
- GS & Optional
Despite the Reserve Bank of India’s framework for green deposits to promote sustainable finance, there has been limited progress in their adoption by lenders. Analyze the reasons behind this struggle and its implications for India’s green finance objectives.
Category: Economy (GS -III),
Test Date: 23 Dec 2024
Approach:
- Introduction: Concept of green deposits and their significance in promoting sustainable finance.
- Mention the RBI’s framework issued (April) to encourage lenders to accept green deposits
- Challenges: Lack of Awareness; Regulatory Hurdles; Market Demand and Trust Issues; Lack of Incentives for Banks; Difficulty in Integration into Existing Financial Systems
- Implications
- Wrap up your answer with potential solution
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