Budget Expectation Quote by Govind Sankaranarayanan: Co-Founder & COO, Ecofy – India’s new Green NBFC

“Firstly, we hope the FAME subsidy will be extended to enable the EV space to achieve its full potential. Further, a tax credit to individual house owners on loans for residential rooftop installations below 20 KW would democratize the use of solar. It would also be good to increase fund allocation to enforce robust implementation of battery and waste management rules. The Government could expedite the creation of a green taxonomy to identify what is eligible for green finance and have a specific focus on SMEs. To encourage SMEs to undertake the green transition CGTMSE guarantee can be expanded where green loans qualify for higher coverage”