Decentralized Ground/ Stilt Mounted Grid Connected Solar or other Renewable Energy based Power Plants; Installation of Stand-alone Solar Pumps and Solarisation of Grid Connected Pumps.
Farmers/ Group of Farmers/ Co-operatives/ Farmer Producer Organisations (FPO)/ Water User Associations (WUA)/ Proprietors/ Partners/ LLPs/ Companies, etc.
|Component||Max Unit Cost||Bank finance|
|Component-A Small Solar Power Plants (Minimum 500 KW to 2 MW)||3.50 cr./ MW||70% Max Rs.2.45 cr.|
|Component-B Standalone Power Pumps||3.25 lakh/ Pump||30% Max Rs.0.97 lakh|
|Component-C Solarisation of Grid Pumps||4.50 lakh/ Pump||30% Max Rs.1.35 lakh|
Legal/ Equitable Mortgage or as per State Laws of agricultural land owned by the farmer.
|Component-A Small Solar Power Plants (Minimum 500 KW to 2 MW)||30%.|
|Component-B Standalone Power Pumps||
|Component-C Solarisation of Grid Pumps|
Entire loan to be repaid within maximum 10 years including moratorium period.
Interest Rates as decided by the Bank from time to time.
The subsidy will be shared by Central Government (30%) and State Government (30%). The beneficiaries will be eligible for 60% subsidy under the PM-KUSUM scheme (for Component B & C) of Central Govt. Subject to the terms & conditions applicable to the scheme.
*For further details please contact to nearest branch