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HSBC Announces 'Green' loans To Indians to Buy Biogas ,Solar Panel Installation ......

Contributed by Dr Karabi Dutta
Added: 26 July 2007

The 'green' banking packages would award Indians easy loans, should they want them, for a diverse basket of eco-friendly commodities, such as solar panel installation or a biogas cooker.

The 'green' financial packages for Indian customers would be the first in the world.

The index, based on a survey of 9,000 people across four continents, demonstrated that 60% of Indians were deeply concerned about climate change, compared to just 22% in the UK and 26% in Germany.

Jon Williams, head of HSBC's thriving new department that seeks to maximise sustainable development business opportunities, admitted to TOI that climate change was like the next dotcom boom, with the crucial difference that this is a "real business".

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