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Atmanirbhar Clean Plant
Atmanirbhar Clean Plant
The budget further defines India’s firm stance on green growth by articulating
the government’s strategy for economic development with a focus on
sustainable development.
The government has accelerated the pace of green growth as India is facing the
grave reality of depleting natural resources, limited supply of water, minerals,
and fossil fuels as it surpasses China to become the most populous country.
Why is the scheme called Clean Plant?
The GoI is to use only clean horticultural plants in this program. Also, it will
promote the use of clean plants.
Under circularity, 500 new ‘waste to wealth’ plants will be established under the new
GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme with a total
investment of Rs 10,000 crore.
The government intends to notify the Green Credit program under the Environment
(Protection) Act, which would encourage behavioural change and incentivise
environmentally sustainable and responsive actions by companies, individuals, and
local bodies.
The bottom line
The Indian economy is expected to grow at ~7% in the current year, and ‘Green
Growth’ is likely to act as an enabler in multiple ways: cleaner transition, creating
green jobs and promoting sustainable development.
It also underlines the urgency for industry sectors, corporates and their value chain
stakeholders to adopt responsible and cleaner business practices.
This shift presents new opportunities for long-term value creation, contributing
towards a prosperous future for India.