Current Affairs - Banking - Discussion

State Bank of India has launched CHAKRA, a Centre of Excellence aimed at strengthening financial support for sunrise sectors that are crucial for India’s long-term development vision of Viksit Bharat 2047. The initiative focuses on eight key areas, such as renewable energy, electric vehicles, green hydrogen, semiconductors, batteries, decarbonisation, smart infrastructure, and data centres. CHAKRA is designed to enhance risk assessment capabilities, develop innovative financing solutions, encourage research-based insights, and facilitate industry dialogue, thereby enabling effective capital flow into future-ready and technology-driven sectors.