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Green Finance is a financial concept that embodies the development of the economy and society. The Green Credit Program, which aims to promote sustainable and environmentally friendly practices, has been gaining global recognition for its impact and effectiveness. On December 1st, 2023, India and the UAE jointly hosted a high-level event at COP 28 in Dubai to discuss the program's achievements and prospects. The event was attended by several prominent leaders, including the Prime Minister of Sweden, the President of Mozambique, and the President of the European Council. During the event, the participants highlighted the importance of the Green Credit Program in mitigating climate change and emphasized the need for collaboration among nations to promote sustainable development. The Prime Minister of Sweden shared Sweden's success story of implementing the program and how it has helped the country in achieving its carbon neutrality goals. The President of Mozambique talked about how the program has been instrumental in creating green jobs and promoting economic growth in the country. The participants also discussed the challenges faced in implementing the program and how they can be overcome. They stressed the need for increased investment in renewable energy and the need for innovative financing mechanisms to support green projects. The event concluded with a call for greater global cooperation and commitment to promoting sustainable practices to combat climate change. Globally, the green credit initiative has been conceptualized as an effective response to the challenge of climate change. The Green Credit Program started by the government is a step towards this direction. The green credit program launched by India is not only an effort for carbon emission reduction but also to create a market-based incentive for different kinds of environment-positive actions. The residue being burnt by the farmers was polluting the environment. In the agriculture of India, the rice-wheat system is the most common. Farmers burn the residue that is 'parali' or waste material to free the field for showing the next crop. But the 'parali' after burning releases some oxides and greenhouse gases as well as affects the fertility of the soil and is harmful to human health. The Energy and Resource Institute reported that in year 2012 air pollution led to about 5 million deaths in South Asia. The Green Credit Program started by the government is a step towards this direction. The identified sectors for the Programme are Tree Plantation-based Green Credit, Water-based Green Credit, Sustainable Agriculture based Green Credit, Waste Management based Green Credit, Air Pollution Reduction based Green Credit, Mangrove Conservation and Restoration based Green Credit, Eco mark based Green Credit, Sustainable building and infrastructure based Green Credit. The Government endeavours to create a market where these green credits can be traded. Methodology and standards to measure and verify such actions are being developed. Green credit programs are different from the carbon market which is focused on industry and corporations green credit programs are more focused on individuals and society as well as the environment. The scheme will influence the farmers to protect the environment as well as be motivated by the tradable green credit.