|
Purpose
|
* To set up Decentralized Ground/ Stilt mounted Grid connected Solar or other Renewable Energy based Power Plants (REPP) of capacity 500KW to 2MW |
|
Eligibility |
Individual Farmer/ Group of Farmers/ Co-operatives/Panchayat/Farmer producer organization (FPO)/ Water User Associations |
|
Nature of facility |
* Term Loan/CC/BG |
|
Margin |
Term Loan - 30% BG - 100% Cash Margin |
|
Security
|
* Primary Security - Hypothecation of Plant & Machineries installed. Mortgage of project land and building Personal Guarantee of the promoters |
|
Quantum of Loan |
Maximum Rs 10.00 Crore. |
|
Interest Rate
|
Up to Rs 100/- Lakh : MCLR + 1% |
|
Repayment
|
Maximum 15 years (including moratorium max 12 months). |
