- No security for loans upto Rs.1.60 lacs.
- The beneficiaries will be eligible for 60% subsidy under the scheme for Component A (Small solar power plant) and Component B( Standalone power pumps). The subsidy will be shared by Central Government (30%) and State Government (30%).
TAT
Upto Rs.10.00 lakh | Above Rs 10 lakhs to Rs.5.00 crore | Above Rs.5 Crores |
---|---|---|
7 business days | 14 business days | 30 business days |
* TAT will be counted from the date of receipt of Application (complete in all respects)
Quantum of finance:
Need based finance available.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- Setting up of 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.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
Farmers/ Group of Farmers/ Co-operatives/ Farmer Producer Organisations (FPO)/ Water User Associations (WUA)/ Proprietors/ Partners/ LLPs/ Companies, etc.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
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Microfinance Loan
A collateral-free loan to household having annual income up to ₹3,00,000.
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