{"id":463345,"date":"2022-01-22T10:59:59","date_gmt":"2022-01-22T05:29:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=463345"},"modified":"2022-01-22T10:59:59","modified_gmt":"2022-01-22T05:29:59","slug":"include-electric-vehicles-in-rbis-priority-sector-lending-guidelines-niti-aayog-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/include-electric-vehicles-in-rbis-priority-sector-lending-guidelines-niti-aayog-report\/","title":{"rendered":"Include electric vehicles in RBI\u2019s priority sector lending guidelines: Niti Aayog report"},"content":{"rendered":"<p>NEW DELHI: Including electric vehicles in the Reserve Bank of India\u2019s (RBI) priority sector lending (PSL) guidelines can complement the $300 million facility and encourage the financial sector to mobilise necessary capital, a Niti Aayog report has recommended.<br \/>\n\u201cInclusion for retail lending to EVs has the potential to increase investor confidence by providing a market signal of ongoing government commitment to the sector,\u201d according to the Niti Aayog, RMI, and RMI India report unveiled on Friday,<br \/>\n\u201cIt can also ensure a swift and equitable transition by providing a mandate for financial institutions to direct credit to segments and use cases where credit deficiency persists despite compelling economics,\u201d said the report.<br \/>\nTo operationalise the concept of including EVs in priority sector lending, the central government policymakers can liaise with the Reserve Bank of India to design and issue the requisite guidelines.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Including electric vehicles in the Reserve Bank of India\u2019s (RBI) priority sector lending (PSL) guidelines can complement the $300 million facility and encourage the financial sector to mobilise necessary capital, a Niti Aayog report has recommended. \u201cInclusion for retail lending to EVs has the potential to increase investor confidence by providing a market signal of ongoing government commitment to the sector,\u201d according to the Niti Aayog, RMI, and RMI India report unveiled on Friday, \u201cIt can also ensure a swift and equitable transition by providing a mandate for financial institutions to direct credit to segments and use cases [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-463345","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=463345"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/463345\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=463345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=463345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=463345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}