• srinivas R
• Dr. Ramanjaneyalu

The economic activity and development of any country is associated with the well-structured strong financial system which acts as a backbone for the economic growth which leads to economic development. Financial system plays a prominent role in the development activities of the country and one component of financial system that is banking system plays a crucial role which lends loans for all the economic and development activities. Today the need of the hour is sustainability, green economy, environment conservation and protection. To go for the green economy what is needed here is the investments on these activities like renewable energy, green technologies, green bonds.etc. which leads to sustainable development. But the point is who is going to make an investment on these activities, though commercial banks lends loans to these activities which is only small portion of their total lending’s which is not creating revolution in the green economy, so what is needed is the exclusive bank which deals only with the green economic activities, that is whichever project which reduces the greenhouse gasses emission level that should be given loans and encourage their activities. Though it is difficult to establish green banks throughout the country, the alternative could be establishing one green bank for India called Hariyat Pariyojana Bank which functions like a refinancing agency which lend conditional loans to the banks and the banks has to lend loans only to the green projects. Survey method is used to determine the need of separate bank called green bank from the banker’s perspective.

green bank, sustainability, environment conservation, green economy, government schemes.

"Hariyat Pariyojana Bank (Happy Bank): A Hypothetical Model Bank to Conserve Environment and Sustainable Development.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 12, page no.b676-b684, December-2021, Available :http://www.jetir.org/papers/JETIR2112179.pdf

"Hariyat Pariyojana Bank (Happy Bank): A Hypothetical Model Bank to Conserve Environment and Sustainable Development.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 12, page no. ppb676-b684, December-2021, Available at : http://www.jetir.org/papers/JETIR2112179.pdf