Indian Bank has set a lending target of Rs 100 crore for the current fiscal year under its dedicated financing scheme for electric vehicle (EV) charging infrastructure, as the public sector lender seeks to tap business opportunities in the fast-growing green mobility segment. The bank has launched 'IND Green Charge', a financing scheme for public, captive and fleet charging stations under both standalone and franchise models. The bank will offer loans of up to Rs 10 crore for a maximum tenure of 8 years, Indian Bank MD and CEO Binod Kumar told PTI. "We have set lending targets of Rs 100 crore for the remaining five months of the ongoing financial year and Rs 250 crore for the coming financial year under this scheme," he said. The initiative aims to promote entrepreneurship among micro, small and medium enterprises (MSMEs), generate employment and support India's transition towards sustainable mobility, he added. According to reports, EV sales grew 29.7 per cent to 26.59 lakh units
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