Purpose

To purchase & install Rooftop Solar equipment/ plant only for captive purpose. (Payment will be made directly to the seller/ installer of equipment.)

Target Group

Micro, Small and Medium entities (Both MSME-Regulatory & MSME-Expanded) engaged in economic activities of income generating nature.

Eligibility

Borrower Constitution

·   Proprietorship Concern

·   Registered &Unregistered Partnership

·   Limited Liability Partnership (LLP)

·   One Person Company

·   Private Limited Company

·   Public Limited Company

·   Trust /Society

Note: HUF, Section 8 Companies, under Companies Act 2013 & Association of Persons (AOP)/ Body of Individuals (BOI) are not eligible.

Age Criteria-(applicable only for Proprietor of Proprietorship Firm)

Minimum Age-25 years –for Proprietor of Proprietorship Firm and 21 years-Individual Guarantor, at the time of Loan application.

Maximum Age- 65 years at the time of Loan maturity

Facility Type- Term Loan

Loan Amount-

Minimum – Rs 10.00 Lakhs

Maximum – Rs. 05.00 Crore s (including AMC & Insurance fees)

Repayment Period-

Minimum : 36 months, Maximum : 60 months

Moratorium: Maximum: 06 Months (Interest to be paid as and when demanded)

Rate of Interest

Applicable Rate of Interest under Floating Rate of Interest is BRLLR+SP+4%