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Cent Solar Vender Scheme under PM Surya Ghar – Muft Bijli Yojana

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.