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Solar Power Project Loan

The loan for solar power plant can be availed from several banks. If you are looking for a loan then you should read this information regarding a scheme, through which you can get a loan for a solar power plant.

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Solar Power Project Loan

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  1. Loan For Solar Power Plant

  2. The loan for solar power plant can be availed from several banks. If you are looking for a loan then you should read this information regarding a scheme, through which you can get a loan for a solar power plant. The scheme is called Solar-PM KUSUM Scheme. The Purpose of the scheme is to set up Decentralized Ground/ Stilt mounted Grid connected Solar or other Renewable Energy based Power Plants (REPP) of capacity 500KW to 2MW. • Who is eligible for the scheme Eligibility, • Individual Farmer • Group of Farmers • Co-operatives • Panchayat • Farmer producer organization (FPO) •  Water User Associations

  3. Through this scheme you can get Term solar power project loan/Working capital against receivables/NFB-LC/BG. Margin of Term Loan/ BBG (Bank Guarantee) can be 25% and OD Book Debts can be 40. Primary Security should be Hypothecation of Plant & Machineries installed and as collateral 150% of limit collateral security is required. The period for Repayment can be 10 years (including moratorium max 12 months). The Processing Charges UptoRs 3 Lakh is Nil and above Rs 3 Lakh is 0.30 % under the scheme. The Upfront Fee UptoRs 3 Lakh is Nil and Above Rs 3 Lakh is 50% of 1.25% (i.e., 0.625 %). The interest rate is given below in the table.

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