MUMBAI, India, Nov. 2 -- Intellectual Property India has published a patent application (202611109058 A) filed by Manipal University Jaipur on September 11, 2026, for An Integrated Progress Assessment Framework For Effective Utilization Of Green Loans.
Inventors include Harshita Sharma; and Dr. Swati Jain.
The application for the patent was published on October 30, 2026, under issue no. 44/2026.
Abstract: The present invention relates to an integrated progress assessment framework for controlled disbursement of green loans by integrating project implementation progress with sustainability compliance progress. The framework comprises following stages: a green loan application and approval stage; a Green Project Escrow Account stage; a project progress verification stage; a sustainability compliance verification stage; an Integrated Progress Assessment Report (IPAR) stage; and a controlled fund release stage, wherein loan installments are released only upon synchronized verification of physical project progress and corresponding sustainability compliance milestones. The invention improves transparency, reduces the greenwashing phenomenon, makes environmental accountability, and promotes the effective use of green finance by integrating financial disbursement with compensatory environmental actions and also helps to fulfill the SDGs.
Disclaimer: Curated by HT Syndication.
