IND-SURYA SHAKTI
IND-SURYA SHAKTI
| Particulars | Guidelines |
| Target Group | All MSMEs, Mid Corporate & Large Corporates. |
| Purpose | Setting up solar power plants for captive consumption.
Solar power plants should be in accordance with the technical standards issued by MNRE and / or Central Electricity Authority |
| Types of Facility | Term Loan |
| Loan Amount | No Ceiling |
| Margin (Promoter’s contribution) | 25% on the cost of the equipments & erection charges
|
| Security | · Primary Security: Assets purchased out of loan
· Collateral Security: EM of property on which solar plant is erected. If the property is mortgaged with other banks / FIs, NOC only to be obtained from the respective Banks / FIs. · Personal Guarantee: Partner / directors to be obtained. |
| Repayment terms | Repayment Period : Door to Door Tenor: 15 years
Moratorium Period: Roof Top Solar : Maximum 6 months Others : Maximum 12 months
Interest to be serviced during holiday period. |
| Processing & other charges | All Charges at Card Rate |
( Last modified on Sep 03, 2022 at 07:09:39 PM )
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