Sidbi to finance 50,000 EVs for MSMEs

Sidbi to finance 50,000 EVs for MSMEs

The financing will be done under a new project called Evolve, which is electric vehicle operations and lending for a vibrant ecosystem, under which Sidbi will give access to affordable commercial financing for EVs, the national bank said in a statement on Monday.

Sidbi has tied up with the Niti Aayog, World Bank, Korea-World Bank partnership facility and Korean economic development cooperation fund to finance electric vehicles for small and medium industrial units. Image: Pixabay/ Representational Image

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