Tata Power Solar Systems and Indian Bank team up to boost solar rooftop installation
Tata Power Solar Systems has joined hands with Indian Bank to encourage the adoption of solar rooftop systems among residential consumers. This partnership focuses on providing financing solutions for installations under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme.
Under this collaboration, residential consumers can access loans up to Rs 2 lakh at an annual interest rate of 7 percent for installations up to 3 KW. For installations ranging from 3 to 10 KW, a specialized financing solution is also available.
With a minimal margin money requirement of 10 percent and collateral-free financing, homeowners can easily kickstart their solar journey.
Deepesh Nanda, CEO & Managing Director of Tata Power Renewable Energy, underscored the significance of this collaboration in providing tailored financing solutions that align with government initiatives.
