The State Bank of India (SBI) has taken another major step towards sustainable development by expanding its electric vehicle (EV) infrastructure across its administrative and branch offices in India. Through this initiative, SBI Launches EV Charging Stations to encourage clean transportation, reduce carbon emissions, and support the country’s transition towards green mobility.
The newly installed EV charging facilities are designed to benefit SBI employees, customers, and visitors who use electric vehicles. These workplace charging stations reflect the bank’s commitment to integrating environmental sustainability into its daily operations while promoting responsible banking practices.
SBI Inaugurates EV Charging Station at Visakhapatnam Administrative Office
As part of this nationwide green initiative, SBI inaugurated a new EV charging station at its Administrative Office in Visakhapatnam, Andhra Pradesh. The facility was jointly inaugurated by Prafulla Kumar Jena, General Manager (Network-I), SBI, and Rahul Sankritya, Deputy General Manager, Visakhapatnam.
During the inauguration event, SBI officials highlighted the importance of clean energy adoption and sustainable transportation solutions. They stated that the EV charging facility would help reduce carbon emissions and encourage more people to shift towards electric mobility.
Senior officials and staff members from the SBI Administrative Office were also present during the launch ceremony.
SBI Expands EV Charging Network Across Branch Offices
The bank has been steadily strengthening its EV ecosystem by setting up charging stations at multiple administrative and branch offices across the country. In Lucknow, an operational Tata Power EV charging station is available at the SBI Head Office located on Moti Mahal Road, Hazratganj.
With these initiatives, SBI Launches EV Charging Stations that provide convenient charging access for electric vehicle users while supporting India’s clean energy goals.
SBI EV Mitra Scheme Supports Charging Infrastructure Growth
Apart from installing charging stations at its own premises, SBI is also promoting EV adoption through its dedicated SBI EV Mitra scheme. The program provides financial assistance to entrepreneurs, MSMEs, hotels, fuel stations, and commercial establishments interested in developing EV charging infrastructure.
Under this scheme, eligible applicants can receive term loans ranging from ₹10 lakh to ₹5 crore, with higher limits of up to ₹10 crore available under specific partnerships. Loans are also supported through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme, helping reduce collateral requirements for small businesses.
Partnerships to Accelerate EV Adoption in India
SBI has collaborated with leading charging network providers, including ChargeZone, Zeon Charging, and Statiq, to expand EV charging infrastructure across the country. These partnerships aim to increase the availability of public and captive charging stations.
Through these efforts, SBI Launches EV Charging Stations as part of its broader sustainability strategy, combining green infrastructure development with financial support to accelerate electric mobility growth in India.
The initiative highlights SBI’s continued focus on environmental responsibility, the adoption of renewable energy, and the building of a greener future through sustainable banking solutions.
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