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RBI Grade B Phase 1 PYP >> Jul 9, 2023 - Shift 2 >> General Awareness

Question :

The pilot phase of 'Mission 50K-EV4ECO' aims at strengthening the electric vehicle (EV) ecosystem, including the uptake of two, three, and four-wheelers through direct and indirect lending by the Small Industries Development Bank of India (SIDBI). What is the name of this scheme?

1. EVFAME

2. EVOLVE

3. EV-START

4. ECO-EV

5. EVGO

Correct Answer : 2
Solution :

The pilot phase of 'Mission 50K-EV4ECO' is a precursor to the EVOLVE scheme, which is a collaboration between SIDBI and the World Bank. The EVOLVE scheme aims to provide better financing terms and other solutions to address challenges faced in the EV ecosystem in India. The pilot scheme focuses on increasing the uptake of electric two-wheelers, three-wheelers, and four-wheelers through direct and indirect lending support to vehicle aggregators, fleet operators, and leasing companies.

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Record Breaking Results in 2024-25 🎉

Niranjan Jain

Niranjan Jain

Rank #1

SBI PO

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Amit Mandal

Amit Mandal

Rank #1

IBPS PO

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S B Tanay Gaurav

S B Tanay Gaurav

Rank #1

RBI Gr. B

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Shubham Agrawal

Shubham Agrawal

Rank #1

SSC CGL

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Manjot Singh

Manjot Singh

Rank #1

SSC CGL (JSO)

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Rohit Chadhar

Rohit Chadhar

Rank #1

SSC CHSL

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Shekhar Kumar

Shekhar Kumar

Rank #8

RBI Gr. B

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