Indian Bank and Tata Power Sign Agreement to Increase Solar Installations

  • Indian Bank partners with TPSSL to support residential solar energy adoption. 
  • Financial assistance provided under PM Surya Ghar Muft Bijli Yojana scheme. 
  • Support for installations up to 3 KW and further for installations ranging from 3 to 10 KW. 
  • Loans up to ₹2 lakh available at 7% annual interest rate, 10% nominal margin money requirement, and collateral-free financing.
  • Repayment tenure set at 10 years for convenience and flexibility. 
  • The partnership aligns with government initiatives like PM Surya Ghar.
Posted in Current Affairs.