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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 Mar 17, 2021 at 12:03:28 PM )

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