India Allocates Rs 1 Lakh Crore for Sunrise Sectors Development
The Indian government has earmarked Rs 1 lakh crore for sunrise sectors, aimed at boosting innovation and self-reliance. This initiative, including a 50-year interest-free loan, is set to significantly impact industries targeting high growth and substantial foreign investment.
Theia Market Signal Identification - AI AssistedThe Indian government has proposed a corpus of Rs 1 lakh crore for sunrise sectors as part of the interim budget 2024-25, establishing a 50-year interest-free loan to promote growth. Recently, on 3 February 2026, State Bank of India launched 'CHAKRA', a Centre of Excellence aimed at enhancing financing for eight critical sunrise sectors.
The sunrise sectors include Renewable Energy, Green Hydrogen, Semiconductors, Electric Vehicles, and Biotechnology, among others, totaling 14 key sectors. The focus is on achieving self-reliance and reducing import dependency while targeting a $30 trillion GDP by 2047. The emphasis on these sectors is expected to enhance India's manufacturing share and create high-value jobs.
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