On 7 October 2024, International Finance Corporation (IFC) and Axis Bank have partnered for a loan of how many million to promote green and blue finance in India?

Correct option is B

The Correct answer is (b) $500 million

Explanation:

On 7 October 2024, the International Finance Corporation (IFC) and Axis Bank partnered for a loan of $500 million to promote green and blue finance in India. This loan is aimed at supporting environmentally sustainable and climate-resilient projects in the country.

Information Booster:

1. The loan is part of an effort to enhance green and blue finance in India, focusing on projects related to environmental sustainability.

2. Green finance typically supports projects related to renewable energy, energy efficiency, and sustainable infrastructure.

3. Blue finance supports initiatives focused on the protection and sustainable use of ocean and water resources.

4. This partnership aims to help India meet its climate goals by facilitating financing for climate-resilient projects.

5. The loan will help Axis Bank finance projects that align with global environmental standards and promote sustainability.