Archive · 1 Feb 2026
SBI Launches CHAKRA for Sunrise Sector Funding
The State Bank of India (SBI) has opened a new center called CHAKRA.
This center will help find money for important new industries in India, like clean energy and electric cars.
These industries are expected to need a lot of money by 2030.
CHAKRA will help by sharing knowledge, making reports, and talking to different groups.
The goal is to make India's economy stronger and more modern by 2047.
Meanwhile, SBI's chairman talked about how bank deposits and other financial instruments should be treated fairly in terms of taxes.
He noted that people are saving more in stocks and mutual funds these days, which is a big change from the past.
Finance Minister Nirmala Sitharaman also announced a high-level committee to review the banking sector and align it with India's growth plans.
SBI launched CHAKRA, a Centre of Excellence for financing sunrise sectors.
Focus areas include renewable energy, electric mobility, green hydrogen, and semiconductors.
Expected capital investment in these sectors to exceed Rs 100 lakh crore by 2030.
CHAKRA will produce reports, host roundtables, and engage with various stakeholders.
Aims to accelerate India's progress towards Viksit Bharat 2047.
- Who
- State Bank of India (SBI)
- What
- Launched CHAKRA, a Centre of Excellence for financing sunrise sectors
- When
- January 31, 2026
- Where
- Mumbai, India
- Why
- To boost funding for next-generation, technology-driven, and sustainability-focused sectors critical to India’s economic transformation
- Organization
- State Bank of India (SBI)
- Center Name
- CHAKRA (Centre of Excellence)
- Focus Sectors
- Renewable energy, advanced cell chemistry, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, data center infrastructure
- Expected Investment by 2030
- Over Rs 100 lakh crore
- Key Objectives
- Knowledge-sharing, project appraisal, capacity building, policy engagement
- Stakeholders Engaged
- Development finance institutions, multilateral agencies, banks, NBFCs, industry bodies, corporates, start-ups, academia, policy think-tanks
- Vision
- Accelerate India's progress towards Viksit Bharat 2047
- Outputs
- White papers, sector reports, knowledge series, industry roundtables, policy dialogues
- Deposit Growth (Y-o-Y)
- 10.61%
- Credit Growth (Y-o-Y)
- 12.98%
- Share of Equity in Household Savings (FY25)
- 15.2%
- Share of Deposits in Household Savings (FY25)
- 35%
Sources
SBI opens ‘CHAKRA’ centre to boost funding for India’s sunrise sectors
Level playing field needed between bank deposits and other financial instruments, says SBI Chief
Level playing field for savings instruments necessary: SBI Chairman on Budget expectations
SBI launches “CHAKRA” to build institutional capability to finance sunrise industries still taking shape
Manufacturing sector key to India’s transformation into a developed country: DFS Secy
Manufacturing at the core of India’s next stage of growth, says DFS Secretary M Nagaraju
SBI launches CHAKRA for financing RE, advanced cell chemistry and 6 other sunrise sectors
