|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
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 )