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Central Government/Public SectorProject Information Electric Vehicle Risk Sharing Program for 2/3 Wheelers (P179323). Refer Document
17-Oct-2024
PID : 66194 Multi State-India

Project Detail:

The development objective of the EV-RSP is to accelerate EV adoption in the two and three-wheeler segments, through broadening access to affordable commercial financing. The EV-RSP will offer over the course of 8 years: (i) a partial credit guarantee (PCG) which will offer to participating financial institutions (PFIs), loss cover on a fixed proportion of their portfolios of e-2/3W and related charging infrastructure loans, and (ii) concessional loans to PFIs for on-lending to borrowers. The EV-RSP would be managed by the Small Industries DevelopmentBank of India (SIDBI), a development financial institution, which will perform the role of ‘Program Manager.

Note: Please Download Project Document attached to this Project for more information.

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