SBI chalking out strategy to give loans based on ESG scores

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The largest lender State Bank of India (SBI) is chalking out its strategy to give loans based on environmental, social and governance or ESG scores. ET now has learned that borrowers with good ESG ratings will be incentivised. Green projects and products like Healthcare business loans, Green car loans, financing for polyhouse farms etc will be prioritised. The lender also plans to increase renewable energy sector loans from Rs 33,000 crore to Rs 50,000 crore.

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