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SBI Celebrates 70 Years with Plan to Solarise 4 Million Homes by FY27.

Banking & Finance | Dated: 03 Jul 2025

On July 1, 2025, the State Bank of India (SBI) marked its 70th anniversary by unveiling a major green energy initiative during an event at Dr. Ambedkar International Centre, New Delhi. The bank announced its ambitious Solar Rooftop Programme to contribute to India’s renewable energy and net zero emission targets.

🎯 Key Highlights:

- Under this new initiative, SBI plans to solarise 4 million homes across India by Financial Year 2026–27 (FY27).
- The programme will support the adoption of rooftop solar systems at the household level, helping reduce carbon footprints and enhancing access to affordable, sustainable energy across urban and rural regions.

💡 Other Important Facts:

(i) SBI’s solar plan aligns with India’s goal of reaching net zero carbon emissions by 2070 and complements national efforts under schemes like PM Surya Ghar: Muft Bijli Yojana. It also encourages local entrepreneurship and decentralized solar power generation as part of India’s green economy transition.
(ii) Alongside solarisation, SBI has launched a tree plantation drive, committing to plant 9 lakh trees in the Cauvery River Basin. This drive focuses on ecological restoration and will especially benefit underprivileged students and people with disabilities, reinforcing the bank’s social responsibility mission.
(iii) The bank also announced the establishment of a Centre of Excellence (CoE) to finance emerging sectors like renewable energy (RE), e-mobility, green hydrogen, semiconductors, data centres, and smart infrastructure—a move aimed at positioning SBI as a key financial catalyst in India’s green transformation.

📚 Test Your Knowledge:

Which bank recently marked its 70th anniversary with the launch of a large-scale solarisation initiative?

Correct Answer: State Bank of India

🚀 Quick Recap:

About SBI

Chairman : Challa Sreenivasulu Setty
Headquarter : Mumbai