SBI Launches CHAKRA to Back Sunrise Sectors, Eyes ₹100 Trillion Economic Output in Five Years

31 Jan 2026, 10:56 by Vinay Kakkad · KalingaTV

State Bank of India (SBI) has launched a new financing initiative called CHAKRA, a Centre of Excellence aimed at boosting funding for eight sunrise sectors with the potential to generate nearly ₹100 trillion in investment over the next five years, according to Business Standard.

The initiative is designed to support emerging and high-growth industries such as renewable energy, advanced cell chemistry and battery storage, electric mobility, green hydrogen, semiconductors, decarbonisation, smart infrastructure, and data centre infrastructure. These sectors are considered critical to India’s economic transformation, especially as the country expands its focus on sustainability, manufacturing strength, and technology-led growth.

SBI Chairman Challa Sreenivasulu Setty highlighted the importance of the new centre, noting that these sunrise sectors have the potential to attract significant capital expenditure that could shape the future trajectory of India’s economy. Setty said that the eight sectors identified under CHAKRA could attract investment of about ₹100 lakh crore over the next five years, underscoring the scale of opportunity they present.

Setty explained that with the launch of CHAKRA, SBI is strengthening its institutional capability to better understand emerging sectors, design specialised financing solutions, and work with a broad ecosystem of partners to enable projects that contribute meaningfully to India’s development journey.

The chairman further noted that these sectors are capital intensive and technologically complex, requiring customised financing structures beyond traditional lending. CHAKRA will bring together domain experts, industry players, financial specialists, and other stakeholders, including banks, non-banking financial companies (NBFCs), startups, and think tanks, to create a coordinated environment for project funding.

According to the Business Standard report, CHAKRA will serve not only as a financing body but also as a knowledge-led advisory platform, facilitating engagement between the banking sector and industry participants. The initiative aims to reduce financing barriers, improve credit assessment frameworks, and accelerate funding decisions for projects in critical next-generation industries.

Industry analysts say that the launch of CHAKRA reflects a strategic pivot by SBI to position itself as a key partner in India’s ambitions for clean energy adoption, technological innovation, and manufacturing self-reliance. By directing capital toward these sunrise sectors, the bank is aligning its own growth trajectory with national objectives such as Net Zero commitments, digital infrastructure expansion, and the broader economic vision outlined for Viksit Bharat 2047.