Finance to Solar Vendors - SBI Green

Features

• Target Group : Existing SME Business enterprises engaged as Solar vendors/ Channel Partners/Sub- Contractors registered with MNRE, handling execution of Residential and Commercial Solar Power Projects.
• Eligibility :
  • Solar Vendor should have the valid Udyam Registration Certificate and should be registered with GST.
  • Solar Vendor/ Channel Partner/ Sub- Contractor should be registered with Ministry of New & Renewable Energy/DISCOM. Blacklisted vendors on MNRE site are not eligible.
  • CIC Score of all Promoters > 650.
• Facilities Available : Cash Credit
• Quantum of loan :
  • Minimum: > Rs. 10 lacs
  • Maximum: Rs. 5 crores.
• Pricing :
  • Attractive Interest rates based on rating of the Borrower or as per Scheme Specific Rating (if applicable) or as per extant guidelines of the Bank.
• Security :
  • No Collateral security. All loans are to be covered under CGTMSE.
• Processing Fee/ Upfront Fee :
  • As per Bank's extant card rates applicable from time to time.
• Special Feature :
  • Stand-by line of credit up to 20% of the limit.