Current Affair!State Bank of India (SBI) launched India’s first ‘Green Car Loan’ (Electric Vehicle) to encourage customers to buy electric vehicles.i.T he EMI per Rs 1 lakh will be lower at Rs 1,468 for 96 months against Rs 1,622 for 84 months, based on the maximum tenor.ii. The scheme comes with the longest repayment period of up to 8 years. It is thus a strategic inclusion to SBI’s auto loan segment that is offered with zero processing fee for the first 6 months of the launch.iii. 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.iv. SBI along with Wipro joined the Climate Group’s EV100 initiative for enhancing the launch of electric vehicles worldwide.

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Priya Sharma · Accepted Answer

Current Affair!State Bank of India (SBI) launched India’s first ‘Green Car Loan’ (Electric Vehicle) to encourage customers to buy electric vehicles.i.T he EMI per Rs 1 lakh will be lower at Rs 1,468 for 96 months against Rs 1,622 for 84 months, based on the maximum tenor.ii. The scheme comes with the longest repayment period of up to 8 years. It is thus a strategic inclusion to SBI’s auto loan segment that is offered with zero processing fee for the first 6 months of the launch.iii. 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.iv. SBI along with Wipro joined the Climate Group’s EV100 initiative for enhancing the launch of electric vehicles worldwide.

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