Policy
INDIAN PSBS PROPOSE PSL STATUS FOR EVS, CLIMATE TRANSITION PROJECTS
BullishPolicy
Indian public sector banks have proposed including electric vehicles and climate transition projects under the priority sector lending (PSL) framework to boost green financing. The proposal suggests specific lending limits, such as ₹2 lakh for electric two-wheelers and ₹25 crore for charging infrastructure. It also recommends creating a 2% sub-target for climate and transition finance within the existing 40% PSL requirement.
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