|
Purpose
|
* To set up Decentralized Ground/ Stilt mounted Grid connected Solar or other Renewable Energy based Power Plants (REPP) of capacity 500KW to 2MW |
|
|
|
Eligibility |
Individual Farmer/ Group of Farmers/ Co-operatives/Panchayat/Farmer producer organization (FPO)/ Water User Associations |
|
|
|
Nature of facility |
* Term Loan/Working capital against receivables/NFB-LC/BG |
|
|
|
Margin |
Term Loan/ BG - 25% OD Book Debts-40 |
|
|
|
Security
|
* Primary Security - Hypothecation of Plant & Machineries installed. |
|
|
|
Interest Rate
|
UptoRs3,00,000/- |
MCLR + 1.35% |
|
|
Processing Charges |
* Upto Rs 3 Lakh/- : Nil * Above Rs 3 Lakh/- : @0.30 % |
|
|
|
Upfront Fee
|
* Upto Rs 3 Lakh/- : Nil * Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625 %) |
|
|
|
Repayment
|
* 10 years (including moratorium max 12 months).
|
|
|
