The scheme will empower MSMEs to adopt sustainable energy for their businesses and promote greener tomorrow, said India’s largest integrated power company.
Easy and affordable financing has been one of the barriers for penetration of solar energy in the MSME sector.
Tata Power and SIDBI will provide a financing solution without any collateral at an interest rate of less than 10 per cent. This will be complimented with a sanction within seven days and disbursement in four days.
The scheme is for MSME customers of Tata Power for both off-grid and on-grid connections. There is need to innovate and pay attention to these classes of consumers to activate the next leg of growth in rooftop solar market.
Tata Power is India’s largest integrated power company and, together with its subsidiaries and jointly controlled entities, has an installed or managed capacity of 12,772 megawatts.
This is a Syndicate News Feed; edited by Clean-Future Team