New Delh: Punjab National Bank (PNB) has signed a Memorandum of Understanding (MoU) with the Indian Green Building Council (IGBC) to promote sustainable housing by providing green finance solutions to homebuyers purchasing IGBC-certified residential projects.
The partnership aims to make environmentally sustainable homes more accessible while encouraging developers and buyers to adopt green building practices. The initiative will be implemented through the PNB Harit Niwas Scheme, which offers attractive financing benefits for eligible homebuyers.
PNB and IGBC Join Hands to Promote Sustainable Housing
Punjab National Bank has entered into a strategic collaboration with IGBC, a part of the Confederation of Indian Industry (CII), to expand access to green housing finance.
Under this partnership, homebuyers purchasing residential properties certified by IGBC will receive support through specialised green finance options offered by PNB.
The initiative focuses on encouraging energy-efficient, environmentally responsible and sustainable residential development across India.
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PNB Harit Niwas Scheme to Support Green Homebuyers
The collaboration will provide financial assistance through the PNB Harit Niwas Scheme, designed specifically to encourage buyers of green-certified residential properties.
The scheme aims to offer:
- Attractive financing benefits for eligible homebuyers.
- Easier access to loans for IGBC-certified homes.
- Support for sustainable residential construction.
- Encouragement for environmentally friendly housing choices.
Through this initiative, PNB seeks to promote green housing while supporting customers looking for sustainable living solutions.
Partnership Strengthens PNB’s ESG Commitment
The agreement reflects PNB’s continued focus on integrating Environmental, Social and Governance (ESG) principles into its banking operations.
By supporting green housing projects, the bank aims to contribute towards:
- Reducing environmental impact of buildings.
- Promoting energy-efficient construction.
- Supporting responsible urban development.
- Aligning banking initiatives with sustainability objectives.
The collaboration also supports India’s broader climate action and sustainability goals.
IGBC’s Role in Promoting Green Buildings
The Indian Green Building Council (IGBC) works towards promoting sustainable buildings and green construction practices in India.
Through certification systems and awareness programmes, IGBC encourages the development of buildings that focus on:
- Energy efficiency.
- Water conservation.
- Better indoor environmental quality.
- Sustainable resource utilisation.
- Reduced carbon footprint.
The partnership with PNB will help increase awareness and adoption of green-certified residential projects among homebuyers.
Green Finance to Make Sustainable Homes More Accessible
The PNB-IGBC partnership is expected to provide a boost to India’s green housing sector by connecting financial support with certified sustainable projects.
With growing demand for environmentally responsible housing, initiatives like PNB Harit Niwas are likely to encourage more buyers to choose homes designed with sustainability features.
About Punjab National Bank (PNB)
Punjab National Bank (PNB) is one of India’s largest public sector banks, headquartered in New Delhi. Established in 1894, PNB provides a wide range of banking and financial services, including retail banking, corporate banking, loans, digital banking and investment services. The bank plays an important role in supporting economic growth and financial inclusion across India.
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