Loan For Solar Power Plant East Delhi

  Financial Services

Loan For Solar Power Plant

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

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 Upto Rs 3 Lakh is Nil and above Rs 3 Lakh is 0.30 % under the scheme. The Upfront Fee Upto Rs 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.

Interest Rate

UptoRs3,00,000/-                                              Above Rs3.00 lakh to Rs10.00 lacs                    Above Rs10 lakhs upto.100 lakhs                Above Rs100.00 Lakhs                                     

MCLR + 1.35%  MCLR + 2.50% MCLR + 3.00% As per risk rating of borrower

Keywords: Loan For Solar Power Plant
Phone: 09863020202

 Published date:

September 9, 2022




East Delhi

 City area:



6 Floor, DDA Building, Behind Scope Minar, Nirman Vihar, Delhi-110092



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