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 and Install grid Connected Solar Equipment/Plant only for captive purpose in the form of :
(1) Rooftop
(2) Ground Mounted

Financing Solar Projects : Features

Target Group

Micro, Small and Medium Entities (Botj MSME-Regulatory and MSME-Expanded) engaged in economic activity of income generating nature. Standalone to large/Mid Corporate Borrower can be considered under the scheme and such account are to classified under MSME-Expanded for the purpose of classification under this scheme specific only.


Location

No Limitation on the basis of Location. The Lead can be sourced by the Bank as well as through bank appointed External Agency/ies

Financing Solar Projects : Eligibility

Borrower Constitution

As per Banks Extant Guidelines


Age Criteria
Age Criteria Applicable for Following as below:
Proprietor of Proprietorship FirmMinimum Age at the time of receipt of Loan ApplicationMaximum Age at the Time of Loan Maturity
25 years65 years
Individual Guarantor21 years65 years

Facility Type- Term Loan

Loan Amount-

Minimum – Rs 10.00 Lakhs

Maximum – Rs.30.00 Crores (including AMC and Insaurance Fees)

Repayment Period-

Maximum 120 months including moratorium period. Maximum Moratorium Period is 18 months from date of first disbursement or Maximum 6 months after DCCO whichever is earlier


Rate of Interest

ROI for borrower upto exposure Rs.7.50 Crs is based on CMR and above Rs.7.50 Crs is based on CR

Rating/RankingRate of Interest
CMR1-3/CR 1-3(BRLL-0.40%) / (6M MCLR)
CMR 4-5/Unrated/CR 4-5(BRLL) /(MCLR+SP)

Financing Solar Projects : Interest rates & charges

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