SBI launches ‘CHAKRA’ Centre of Excellence
Kartavya Desk Staff
Source: IE
Subject: Economy
Context: State Bank of India (SBI) has launched ‘CHAKRA’, a dedicated Centre of Excellence (CoE) to strengthen financing for eight critical sunrise sectors.
About SBI launches ‘CHAKRA’ Centre of Excellence:
What is CHAKRA?
• CHAKRA (Centre of Excellence) is a knowledge-led institutional platform created by SBI to enhance its capability in financing capital-intensive sunrise sectors by combining sectoral expertise, risk assessment, and innovative financing models.
Launched by: State Bank of India
• To build institutional expertise in emerging, technology-led sectors
• To improve the flow of debt capital (domestic and international) into sunrise industries
• To develop innovative, policy-aligned financing structures
Key features:
• Focus on 8 sunrise sectors: Renewable Energy Advanced Cell Chemistry & Battery Storage Electric Mobility Green Hydrogen Semiconductors Decarbonisation Smart Infrastructure Data Centre Infrastructure
• Renewable Energy
• Advanced Cell Chemistry & Battery Storage
• Electric Mobility
• Green Hydrogen
• Semiconductors
• Decarbonisation
• Smart Infrastructure
• Data Centre Infrastructure
• Knowledge-driven approach: Publication of white papers and sectoral reports Hosting industry roundtables for investors and policymakers
• Publication of white papers and sectoral reports
• Hosting industry roundtables for investors and policymakers
• Enhanced financing capability: Advanced risk assessment frameworks Tailor-made financing aligned with evolving business models
• Advanced risk assessment frameworks
• Tailor-made financing aligned with evolving business models
• Ecosystem engagement: Structured collaboration with development finance institutions, multilateral agencies, NBFCs, banks, start-ups, academia, and policy think tanks
• Structured collaboration with development finance institutions, multilateral agencies, NBFCs, banks, start-ups, academia, and policy think tanks
• Builds on existing framework: Extends SBI’s earlier Centre of Excellence for MSMEs.
• Extends SBI’s earlier Centre of Excellence for MSMEs.
Significance:
• Addresses financing needs of sectors expected to attract ~₹100 lakh crore of capital expenditure by 2030.
• Strengthens India’s climate finance and green transition architecture.