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Public Sector Banks and Green Finance- Supporting Electric Vehicle Growth in India

Book Title: Case Chronicles

Editors:  Prof. Dr. Shraddha S. Bhandwalkar, Dr. Deepali S. Ubale and Dr. Shubhada A. Athavale

ISBN:  978-81-980078-8-9

Chapter: 16

DOI: https://doi.org/10.59646/cc16/274

Authors: Dr. Kavita B. Ubarhande and Dr. Shubhangi B. Vanarse

Abstract

This case study explains the role of Public Sector Banks (PSBs) in India in promoting the electric vehicle (EV) sector through green finance. The Indian government’s push towards sustainable transportation, via initiatives like the FAME scheme, has positioned PSBs as key financial supporters for EV manufacturers, infrastructure developers, and consumers. The study highlights PSBs’ contributions to financing EV projects, infrastructure development, and consumer loans, while also addressing challenges such as technological risks, policy uncertainty, and infrastructure bottlenecks. Future opportunities include expanding green finance portfolios, leveraging digital technology, and collaborating with international financial institutions.
Keywords: Public Sector Banks, Green Finance, Electric Vehicles, FAME Scheme, Infrastructure Development, Renewable Energy, India, Sustainable Transportation, Financial Risks, Policy Uncertainty

References

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