Baroda Energy Efficiency Project (BEEP) Finance

Baroda Energy Efficiency Project (BEEP) Finance

  • The loans to ESCO or Host entity falling under Micro & Small category
  • The minimum & maximum loan per project Rs. 10 lacs & Rs. 15 crores respectively
  • Maximum loan tenor shall be 5 years including moratorium period
  • SIDBI guarantee upto 75% of the loan amount
  • Guarantee Fee is slab-wise and based on grading of ESCO and payable by the borrower
  • Minimum collateral required under the scheme is 25% of loan amount.
  • DSRA equivalent to 3 months EMI to be obtained upfront
  • ROI and other service charges as applicable for MSE borrowers

Credits – BOB ( Bank of Baroda )