On April 28, 2026, IFCI Limited (Industrial Finance Corporation of India) launched ESG PRAKRIT, a comprehensive technology platform designed to enhance sustainability integration in business practices. This initiative aims to provide holistic Environmental, Social, and Governance (ESG) assessment, reporting, and advisory solutions to banks, financial institutions, and corporates in India. The launch event featured Shri M. Nagaraju, Secretary of the Department of Financial Services in the Ministry of Finance, who highlighted the critical need for managing sustainability and climate risk in today's economic landscape. He described ESG PRAKRIT as a timely initiative that supports institutions in improving their ESG performance and compliance, aligning with the broader vision of Viksit Bharat 2047. IFCI’s Managing Director and CEO, Shri Rahul Bhave, reiterated the organization's commitment to sustainable and responsible growth, contributing to India's economic development. Established on July 1, 1948, IFCI is India's first Development Financial Institution and continues to play a pivotal role in providing advisory services and managing various government schemes.