Scheme Name: Cent Solar Vender Scheme under PM Surya Ghar – Muft Bijli Yojana.
Eligibility: Existing MSE Business enterprises engaged as Solar vendors/ Channel Partners/ Sub- Contractors registered with MNRE (Ministry of New & Renewable Energy), handling execution of Residential Solar Power Projects.
Activity: To extend Bank finance on easy terms to the target Group (Solar Vendor/ Channel Partner/ Sub- Contractor registered with Ministry of New & Renewable Energy (MNRE) / DISCOM.)
Nature of Facility: Working Capital (fund based/ non-fund based) under Sole Banking only. Banking under MBA is not permitted under the facility.
Quantum of Finance: Minimum: Rs. 10.00 Lakh
Maximum: Rs. 5.00 Crore
(In case of green field projects maximum loan amount is Rs.100 Lakh only.)
Green Field Projects: Business Vintage of the contractor is less than 1 year but more than 6 months.
Brown Field Projects: Business Vintage of the contractor is more than 1 year.
Interest Rate: Attractive and Competitive Interest.
Guarantee: CGTSME Guarantee coverage available.