ICICI Bank, country’s largest private sector lender is working on a plan to offer exclusive lending facility for businesses and people working in areas of clean energy and energy efficiency. The bank will be the first bank among all other banks in the country, which is taking this pro-environment initiative. At present the bank offers concessional finance to the projects in these areas and the concessions depend on various criteria.
In earlier pro-environment step, the bank has gone paperless in its various internal meetings, including the meetings of its board of directors, where all the communications take place through handheld devices. Other than this, it has also adopted some villages in Arunachal Pradesh in border areas adjoining China in order to encourage farmers against deforestation.
