Empowering the MSMEs with instant access and instant solutions.


Avail our MSME loans for Solar Energy project finance.

  • Purpose
  • Features
  • Eligibility
  • Interest rates & charges

Financing Solar Projects : Purpose

To purchase & install Rooftop Solar equipment/ plant only for captive purpose. (Payment will be made directly to the seller/ installer of equipment.)

Financing Solar Projects : Features

Target Group

Micro, Small and Medium entities (Both MSME-Regulatory & MSME-Expanded) engaged in economic activities of income generating nature.


Location

Financing under the scheme is to be done in following States:

  • Delhi NCR
  • Rajasthan
  • Gujrat
  • Maharashtra
  • Karnataka

Further, our 14 SME branches shall also finance under the scheme as per potential available within 100 kms.

All the leads to be routed through Bank appointed external agency.

Financing Solar Projects : Eligibility

Borrower Constitution
  • Proprietorship Concern
  • Registered &Unregistered Partnership
  • Limited Liability Partnership (LLP)
  • One Person Company
  • Private Limited Company
  • Public Limited Company
  • Trust /Society

Note: HUF, Section 8 Companies, under Companies Act 2013 & Association of Persons (AOP)/ Body of Individuals (BOI) are not eligible.


Age Criteria-(applicable only for Proprietor of Proprietorship Firm)

Minimum Age-25 years –for Proprietor of Proprietorship Firm and 21 years-Individual Guarantor, at the time of Loan application.

Maximum Age- 65 years at the time of Loan maturity


Facility Type- Term Loan

Loan Amount-

Minimum – Rs 10.00 Lakhs

Maximum – Rs. 05.00 Crore s (including AMC & Insurance fees)

Repayment Period-

Minimum : 36 months, Maximum : 60 months

Moratorium: Maximum: 06 Months (Interest to be paid as and when demanded)


Rate of Interest

Applicable Rate of Interest under Floating Rate of Interest is BRLLR+SP+4%

Financing Solar Projects : Interest rates & charges

Click Here to know more.

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