Mahindra-DBS Green Dealer Financing: India First ESG-Linked Scheme
Why in the news
A carmaker and a bank joined hands to tie dealer credit to green performance, a first for the Indian automotive sector.
Key facts
- Partners: Mahindra & Mahindra and DBS Bank India.
- Nature: India first sustainability-linked dealer financing scheme in automotive.
- Benefit: preferential financing terms for dealers that satisfy preset ESG norms.
- Parameters: renewable energy usage, EV charging facilities, water conservation and waste management practices.
Exam angle
- ESG stands for Environmental, Social and Governance.
- Sector: automotive dealer finance; pair to recall: Mahindra with DBS.
- Concept: sustainability-linked finance, where cheaper credit rewards green performance.