TPREL and Canara Bank partner to promote rooftop solar systems
Author: PPD Team Date: December 23, 2024
Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme.
For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure.
For systems between 3 kW and 10 kW, loans up to Rs 600,000 are offered with a 20 per cent margin, no collateral, a 10 per cent annual interest rate, and a 10-year tenure.