India’s clean-energy surge is opening a huge lending market. NBFCs are financing renewables, EVs, storage, and efficiency upgrades, gaining lower risk, stable returns, and cheaper ESG capital.
Key points
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Clean-energy sectors are scaling rapidly across India.
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NBFCs are leading financing in renewables, EVs, and efficiency upgrades.
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Green lending offers lower risk, stable returns, and cheaper capital.
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Investor appetite for ESG-aligned portfolios is rising.
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The next decade offers a massive ₹10–12 lakh crore opportunity for NBFCs.