SBI Launches CHAKRA Initiative to Fund ₹100 Trillion in Sunrise Sectors Over Five Years
HYDROGEN
The State Bank of India (SBI) has introduced the CHAKRA initiative to finance ₹100 trillion in eight sunrise sectors, including renewable energy and semiconductors, over the next five years. SBI Chairman CS Setty emphasized the need for innovative financing structures, targeting a debt opportunity of ₹20-22 trillion and involving partnerships with 21 financial institutions. The initiative aims to enhance project bankability and align with India's Viksit Bharat 2047 vision by mobilizing substantial corporate cash reserves.

Jan 31, 2026, 8:52 PM