National Current Affairs
SBI unveils CHAKRA Centre for financing sunrise sectors
- 03 Feb 2026
- 2 min read
Why in News?
The State Bank of India (SBI) has launched a dedicated Centre of Excellence (CoE) named ‘CHAKRA’ to support financing of sunrise sectors and marks a strategic push by the country’s largest lender to channel capital into next-generation industries.
Key Points:
- Aim: This initiative aims to catalyse capital expenditure of over ₹100 lakh crore by 2030 in critical future-ready industries.
- Vision:It will support project appraisal, evidence-based policy engagement, white papers and industry roundtables to inform investors and policymakers.
- Eight Focused "Sunrise" Sectors: The CoE specifically targets sectors essential for the Viksit Bharat 2047 vision:
- Green Energy: Renewable Energy, Green Hydrogen & Ammonia, and Decarbonisation.
- Technology & Infrastructure: Semiconductors, Data Centre Infrastructure, and Smart Infrastructure.
- Future Mobility: Electric Mobility (E-mobility) and Advanced Cell Chemistry (ACC)/Battery Storage.
- Risk Management: Unlike a typical think tank, CHAKRA is a "hands-on execution platform" designed to build specific risk models for emerging technologies to avoid misaligned or premature investments.
- Global Partnerships: SBI has signed MoUs with 21 domestic and global financial institutions, including Japanese banks MUFG and SMBC, to enable joint project appraisal and co-financing.
| Read More: Sunrise sectors, Advanced Cell Chemistry (ACC), State Bank of India (SBI), Viksit Bharat 2047 |
