Surya Shakti – Solar Finance
To provide finance to SME & Business Enterprises for installation of Solar rooftop / ground mounted grid-connected
systems upto 1 MW capacity for captive use.
Features
Target Group : Existing and Prospective SME & Business enterprises, having requirement for installation
of Solar rooftop / ground mounted grid-connected systems upto 1 MW capacity.
Type of facility : Term Loan
Quantum of Loan : Maximum: Rs.4 Crores
Borrower’s Margin / Contribution : 20% (minimum)
Eligibility
Existing and Prospective SME & Business enterprises having requirement for installing solar rooftop /
ground mounted projects for captive use.
CIBIL Score of all Promoters not less than 650.
Solar systems to be Grid connected.
Net Metering Arrangement.
MSME unit should have Udyam Registration Number (URN)
Post installation of solar rooftop / ground mounted grid-connected system Electricity Cost Savings shall
cover at least the monthly repayment obligations.
Terms & Conditions
Collateral Security : Not mandatory, if security coverage is adequate as per Bank’s assessment.
Guarantee : Personal Guarantee of Promoters (proprietor / partners / directors, etc.)
Pre-payment charges : Nil
Credits – SBI ( State Bank of India )