FinMin considering EVs for priority sector lending
The proposal was made to the finance ministry by the power ministry
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NEW DELHI: Union finance ministry is considering a proposal to include electric vehicles under the Reserve Bank of India’s (RBI) priority sector guidelines, a move that would make it cheaper to raise funds, a government official said on Saturday.
The proposal was made to the finance ministry by the power ministry.
“We will discuss with the RBI, and a detailed examination will be done,” the official said on condition of anonymity.