New Delhi, Feb. 26 -- Rail projects emerged as the largest recipients of proceeds from India's sovereign green bonds since their introduction in FY23, with the government prioritising sustainable transportation to advance its net-zero emission ambitions, two people familiar with the matter toldMint.
Of almost Rs.58,000 crore to be raised from FY23 to FY25, about Rs.14,330 crore has been allocated for metro rail projects nationwide, while the railway ministry is to receive Rs.31,070 crore to boost the production of energy-efficient electric locomotives, the people said.
Some of the proceeds went to renewable energy initiatives. The PM Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) scheme, a flagship programme of the ministry of new an...