Archive · 22 Aug 2025

India's Green Deposits Fuel Solar and EV Sectors

India's Green Deposits Fuel Solar and EV Sectors

India is trying to fight climate change.

The government has started "Green Deposits" which are like special savings accounts.

People put money in these accounts, and the banks use that money to fund projects that help the environment, like solar power and electric cars.

So far, lots of money has been raised, but it's still a small part of all the money in banks.

Banks are trying to attract more people, as there are challenges in this new system.

Sources