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HomeTop HeadlinesInter-ministerial panel suggests setting up Green Energy Transition India Fund

Inter-ministerial panel suggests setting up Green Energy Transition India Fund

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New Delhi, Nov 9 (PTI) An inter-ministerial committee has pitched for setting up a dedicated non-lapsable ‘Green Energy Transition India Fund’  to help coal-bearing regions deal with the impact of the closure of mines.

The committee has also recommended that coal-bearing states should prepare a broad framework and plan for a post closure future in these regions based on consultations with the local communities.

“The coal mine closures in short and long term is likely to adversely affect the finances of coal bearing regions that are already typically resource-starved.

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