Target Group : Existing SME Business enterprises engaged as Solar vendors/ Channel Partners/Sub- Contractors registered with MNRE, handling execution of Residential and Commercial Solar Power Projects.
Eligibility :
Solar Vendor should have the valid Udyam Registration Certificate and should be registered with GST.
Solar Vendor/ Channel Partner/ Sub- Contractor should be registered with Ministry of New & Renewable Energy/DISCOM. Blacklisted vendors on MNRE site are not eligible.
CIC Score of all Promoters > 650.
Facilities Available : Cash Credit
Quantum of loan :
Minimum: > Rs. 10 lacs
Maximum: Rs. 5 crores.
Pricing :
Attractive Interest rates based on rating of the Borrower or as per Scheme Specific Rating (if applicable) or as per extant guidelines of the Bank.
Security :
No Collateral security. All loans are to be covered under CGTMSE.
Processing Fee/ Upfront Fee:
As per Bank's extant card rates applicable from time to time.