Federal Bank and Ecofy collaborate to finance MSME solar projects
Federal Bank has partnered with Ecofy, a green-focused NBFC backed by Eversource Capital, to offer financing solutions for MSMEs investing in rooftop solar installations. The program targets financing 3,600 kW of rooftop solar annually, focusing on installations in the 20-200 kW range, a segment often underserved by lenders. This initiative is expected to reduce over 2,500 tonnes of carbon emissions each year while addressing MSMEs’ financial barriers. Federal Bank, with MSME loans comprising over 20…