{"id":2628,"date":"2024-06-13T23:54:19","date_gmt":"2024-06-13T23:54:19","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=2628"},"modified":"2024-06-13T23:54:19","modified_gmt":"2024-06-13T23:54:19","slug":"world-bank-and-niti-ayog-ready-electric-vehicles-financingpush","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/world-bank-and-niti-ayog-ready-electric-vehicles-financingpush\/","title":{"rendered":"World Bank And Niti Ayog Ready Electric Vehicles Financing\nPush"},"content":{"rendered":"<p>The  and <a href=\"https:\/\/exam.pscnotes.com\/niti-ayog\">Niti Ayog<\/a> are ready to financially push the EVs in India.<\/p>\n<p> <strong><u>Highlights<\/u><\/strong><\/p>\n<p> The World Bank (WB) and the <a href=\"https:\/\/exam.pscnotes.com\/niti-aayog\">NITI Aayog<\/a> (National Institution for Transforming India) are collaborating to support a scheme for faster and easier financing of electric vehicles (EVs).<\/p>\n<p> The <a href=\"https:\/\/exam.pscnotes.com\/state-bank-of-india\">State <a href=\"https:\/\/exam.pscnotes.com\/bank-of-india\">Bank Of India<\/a><\/a> (SBI) will serve as the program manager for a $300 million &#8216;first loss risk sharing instrument&#8217; set up by NITI Aayog and the World Bank.<\/p>\n<p> The present rate of interest on electric two-wheelers and electric three-wheelers, which is at 20-25 percent, is likely to drop to 10-12 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The and Niti Ayog are ready to financially push the EVs in India. Highlights The World Bank (WB) and the NITI Aayog (National Institution for Transforming India) are collaborating to support a scheme for faster and easier financing of electric vehicles (EVs). The State Bank Of India (SBI) will serve as the program manager for &#8230; <a title=\"World Bank And Niti Ayog Ready Electric Vehicles Financing\nPush\" class=\"read-more\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/world-bank-and-niti-ayog-ready-electric-vehicles-financingpush\/\" aria-label=\"Read more about World Bank And Niti Ayog Ready Electric Vehicles Financing\nPush\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[679],"class_list":["post-2628","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-05-11-21"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World Bank And Niti Ayog Ready Electric Vehicles Financing Push - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/world-bank-and-niti-ayog-ready-electric-vehicles-financingpush\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank And Niti Ayog Ready Electric Vehicles Financing Push\" \/>\n<meta property=\"og:description\" content=\"The and Niti Ayog are ready to financially push the EVs in India. Highlights The World Bank (WB) and the NITI Aayog (National Institution for Transforming India) are collaborating to support a scheme for faster and easier financing of electric vehicles (EVs). The State Bank Of India (SBI) will serve as the program manager for ... 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Highlights The World Bank (WB) and the NITI Aayog (National Institution for Transforming India) are collaborating to support a scheme for faster and easier financing of electric vehicles (EVs). The State Bank Of India (SBI) will serve as the program manager for ... 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