PM – KUSUM Scheme (Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan Scheme) - Agri & Rural

Features

• Activity : Installation of solar power or other Renewable Energy based Power Plants (REPP) on barren/ fallow land, pasture lands and Marshlands or in stilt fashion on agriculture land owned by farmer.
• Type of Facility: Agricultural Term Loan. BG facility against 100% cash margin.
• Margin: 30% of the Project Cost.
• Quantum of Loan: Max. 70% of the project cost. Max. Ceiling - Rs.10 Cr.
• Debt Equity Ratio (Max):
  • Desired Level - 65:35
  • Acceptable Level - 70:30
• Loan Tenor: Door to Door tenor at Maximum 15 Years (comprising construction, moratorium and repayment period).
• Moratorium Period: : - Maximum 12 months post COD.
• Security: As per Bank’s extant guidelines.
• CGTMSE: The borrower can avail the benefit of credit guarantee package (CGTMSE) by registering as MSME. In case, the borrower is availing the facility under CGTMSE, he has to comply with all the relevant guidelines.
• Land: The entire parcel of land required for the project should be in the possession of the farmer/applicant.
• Repayment: Maximum period of 15 years including moratorium period.
• Interest, Fees & Charges
  • Interest: As per Bank’s extant guidelines.
  • Upfront fee: As per Extant instructions of Bank from time to time.
• Portal : https://pmkusum.mnre.gov.in
• FAQs : For more details, please visit nearest SBI Branch.