India’s National Bank for Financing Infrastructure and Development (NaBFID) is poised to launch a credit facility specifically designed for local municipal corporations looking to convert waste into energy. This initiative is particularly crucial as waste management and renewable energy production gain momentum in the country. According to recent data from the Indian Ministry of New and Renewable Energy, the country aims to achieve 175 GW of renewable energy capacity by 2022, with municipal solid waste as a significant contributor to this goal. Experts believe that integrating waste-to-energy projects can address both energy shortages and waste disposal challenges, leading to a more sustainable urban environment. Such financing tools not only enhance funding accessibility for municipalities but also promote innovation in energy production, showcasing India's commitment to sustainable development.