State Bank of India Launched India’s First ‘Green Car Loan’

State Bank of India (SBI) has launched India’s first ‘Green Car Loan’ (Electric Vehicle) to encourage customers to buy electric vehicles. The new scheme ‘Green Car Loan’ will offer the loan at 20 basis points lower than the interest rate on the existing car loan schemes.

SBI has already notified 100% migration to EVs (Electric Vehicles) by 2030 in order to decrease carbon footprints, thus being in line with the government’s pledge of ensuring 30% EVs on road by 2030.

Source: Uniindia

Static/Current Takeaways Important for LIC AAO Exam:

  • SBI Chairperson: Rajnish Kumar, Headquarters: Mumbai.

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