World Bank and SIDBI to launch fund against loan default to lenders financing purchase of electric 2 & 3 Wheelers
A $1 billion fund may soon be launched by the government in collaboration with the World Bank, and the Small Industries Development Bank of India (SIDBI). The fund will be used to provide guarantees against defaults on loans taken to buy electric two or three-wheelers. The NITI Aayog will be the facilitating agency of the project. It …