Indian Bank Targets Rs 100 Crore EV Charging Loans in FY27

Indian Bank has set a lending target of Rs 100 crore for electric vehicle (EV) charging Infrastructure in the financial year 2026–27, as it looks to support the expansion of charging facilities and accelerate the transition towards sustainable mobility in India.

The bank has launched a dedicated financing initiative, IND Green Charge, to provide loans for public, captive and fleet-based electric vehicle charging stations. The scheme is designed to support businesses and entrepreneurs seeking to establish charging infrastructure under different operating models.

Under the initiative, eligible borrowers can access loans of up to Rs 10 crore, with a maximum repayment tenure of eight years. The programme is also intended to encourage entrepreneurship in the growing electric mobility ecosystem.

IND Green Charge aims to expand EV charging infrastructure

IND Green Charge is Indian Bank’s dedicated financing scheme for electric vehicle charging infrastructure. It covers three broad categories of charging facilities: public charging stations, captive charging stations and fleet charging stations.

Public charging stations serve EV owners WHO need access to charging facilities while travelling or using vehicles for daily transportation. Captive charging stations are generally established for the dedicated use of a particular organisation, business or facility.

Fleet charging infrastructure, meanwhile, supports businesses operating multiple Electric Vehicles, including commercial and transport fleets. Such facilities can help operators manage charging requirements and maintain vehicle availability.

By covering these different models, the scheme aims to support a wider range of businesses involved in developing India’s EV Charging network.

Indian Bank sets Rs 100 crore lending target for FY27

The bank has established a lending target of Rs 100 crore under the EV charging infrastructure initiative for FY27. The target reflects its plan to expand financing for businesses investing in charging facilities.

Access to capital is an important requirement for charging infrastructure projects. Setting up charging stations can involve expenses related to equipment, electrical connections, installation and supporting infrastructure. Financing support can help entrepreneurs and businesses meet these Investment requirements.

Indian Bank’s initiative is intended to make credit available to eligible applicants looking to enter or expand their operations in the EV charging segment.

Loans of up to Rs 10 crore with eight-year repayment tenure

Under IND Green Charge, borrowers can obtain loans of up to Rs 10 crore. The maximum repayment tenure is eight years, providing businesses with an extended period to repay financing used for eligible charging infrastructure projects.

The loan limit offers financing support for projects of different sizes, although the amount sanctioned will depend on the applicant’s eligibility and the bank’s assessment.

The eight-year repayment period may also help businesses manage their financing obligations while developing operations and building a customer base. However, the commercial viability of individual projects will depend on factors such as charging demand, location, utilisation and operating costs.

Scheme aims to encourage entrepreneurship

Beyond providing loans, Indian Bank intends to use the scheme to promote entrepreneurship in the electric mobility sector. Charging infrastructure presents opportunities for businesses to establish new services as the adoption of electric vehicles expands.

Entrepreneurs and companies can explore different business models, including public charging networks, dedicated facilities for commercial fleets and charging infrastructure for private organisations.

Financing support from banks can help reduce one of the barriers to entering this market: the initial capital required to establish charging facilities. The availability of suitable credit may encourage more businesses to consider investments in the sector.

Why charging infrastructure matters for India’s EV transition

The expansion of electric vehicle adoption depends not only on vehicle availability but also on access to reliable charging facilities. A wider charging network can make EV ownership more practical by improving access to electricity for vehicles used in cities, commercial operations and longer-distance travel.

Public charging stations are important for individual users who cannot rely entirely on private charging facilities. Captive infrastructure supports organisations with dedicated vehicle requirements, while fleet charging stations can serve businesses operating several EVs.

Insufficient charging availability can create concerns about convenience and vehicle operating requirements. Investment in charging infrastructure is therefore an important part of building a broader electric mobility ecosystem.

Bank financing could support sustainable mobility businesses

Indian Bank’s lending initiative connects financial-sector support with the development of sustainable transportation infrastructure. By offering dedicated credit for charging stations, the bank aims to help businesses participate in the transition towards electric mobility.

The Rs 100 crore target for FY27 provides a measure of the bank’s planned lending activity under the scheme. Its progress will depend on borrower interest, project viability and the ability of applicants to meet the bank’s financing requirements.

For entrepreneurs, the loan limit of Rs 10 crore and repayment tenure of up to eight years provide a framework for financing eligible projects. For the wider EV sector, the initiative adds another source of institutional support for charging infrastructure development.

What to watch as IND Green Charge expands

The implementation of IND Green Charge will be important in determining how effectively the scheme supports new charging projects. Key factors will include the number of businesses accessing finance, the types of charging facilities established and the extent to which the lending target is achieved.

The bank’s initiative comes as India’s electric mobility ecosystem requires investment across vehicles, charging networks and supporting services. By targeting public, captive and fleet charging facilities, Indian Bank is seeking to address different infrastructure requirements through a single financing programme.

Ultimately, the success of the scheme will depend on whether access to credit translates into commercially viable charging stations and wider infrastructure availability. The Rs 100 crore FY27 lending target marks Indian Bank’s planned contribution to that effort.