What is SBI's Chakra initiative?

The Chakra initiative is a knowledge-led platform launched by SBI to finance eight key sunrise sectors focused on technology and sustainability.

What is the estimated financing for these sectors?

SBI estimates a financing opportunity of approximately Rs 20 to Rs 22 lakh crore over the next five years for these sunrise sectors.

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SBI Fuels India's Future: Rs 22L Cr for Sunrise Sectors

Q: Which sunrise sectors will SBI finance?

SBI will finance sectors including renewable energy, battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, and data centres.

31 Jan

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Summary

SBI launches Chakra initiative to fund eight key sunrise sectors.
Partnerships with 24 institutions to facilitate financing.
Estimated Rs 20-22 lakh crore financing opportunity in five years.

SBI Fuels India's Future: Rs 22L Cr for Sunrise Sectors

State Bank of India (SBI) has initiated a significant financial drive through its new Chakra platform, dedicated to funding eight pivotal sunrise sectors. These include renewable energy, advanced cell chemistry and battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, and data centres. The Chakra initiative is designed as a knowledge hub to facilitate financing for emerging, technology-driven, and sustainability-focused industries.

SBI aims to direct substantial capital flows into these crucial sectors, enhancing risk assessment capabilities within the financial ecosystem. The bank has joined forces with approximately two dozen institutions, such as the World Bank and Japanese lenders MUFG and SMBC, along with public sector banks and academic bodies. This collective effort is set to finance an estimated Rs 20 to Rs 22 lakh crore over the next five years.