Financing Solar Home Lighting Scheme

Benefits
Features
Eligibility Criteria
Document Required
Fees & Charges
Most Important Terms & Conditions (MITC)

Financing Solar Home Lighting Scheme : Benefits

The maximum loan amount Rs. 50,000
Low Margin Requirement
Low Interest Rate
Long Repayment Period

Financing Solar Home Lighting Scheme : Features

A loan to provide finance to farmers for solar energy home lighting system in rural and semi-urban places for renewable source of energy.

Financing Solar Home Lighting Scheme : Eligibility Criteria

Farmers having sufficient source of income for servicing the loan interest and installment. However, focus would be on our existing BKCC holders who do not have reliable source of electricity for domestic purpose

Financing Solar Home Lighting Scheme : Document Required

KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
Passport Size photo
Quotation/Invoice
Land Records
Project Report
IT Return

Financing Solar Home Lighting Scheme : Fees & Charges

Processing charges:

Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

For Term Loan

Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

Inspection Charges:

Agriculture exposure upto Rs. 3.00 Lakhs- Nil
Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
Above Rs 1 Crore - Rs 5000

Financing Solar Home Lighting Scheme : Most Important Terms & Conditions (MITC)

Quantum of Loan	The maximum loan amount will not exceed Rs. 50,000
Nature of Facility	Term Loan
Margin	15% of the project cost
Repayment Period	The loan is to be repaid within 5 years
Security	Hypothecation of solar system
Rate of Interest	One year MCLR+ SP