Which are the Agencies provides Concessional Loans for Rooftop Solar Developers

Published by firstgreen on

As no Central financial subsidy is now available for commercial and industrial sectors, MNRE initiated the proposal for multilateral
concessional loans from the World Bank (WB), Asian Development Bank (ADB) and New Development Bank (NDB) to support RTS project developers. All the three multilateral banks have approved proposal for$1370
million concessional loans to State Bank of India (SBI), Punjab National Bank (PNB) and Canara Bank respectively. Ministry of Finance
has approved special guarantee fee for supporting RTS sector. These loans will be available to project developers in Rooftop Solar sector through the above scheduled banks on concessional rates.

Categories: FirstGreen Solar AcademySolarSolar project FinancingUncategorized

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