SIDBI Launches Lending Program to Make Electric Vehicles More Affordable

The pilot program involves direct lending to MSMEs and indirect lending NBFCs

April 13, 2023

/ Sumit Jha
/ Uncategorized
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Government-owned lender Small Industries Development Bank of India (SIDBI) has launched a pilot program — Mission 50K-EV4ECO — to bring down the cost of capital for purchasing electric vehicles (EVs), especially 2- and 3-wheelers, through direct and indirect lending.

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Sumit Jha

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