Scheme on financing Manufacturers / Suppliers / Vendors of Solar panels and other ancillary products
Scheme on financing Manufacturers / Suppliers / Vendors of Solar panels and other ancillary products
| S No | Particulars | Guidelines | ||||
| 1. | Target Group | o All Micro, Small & Medium Enterprises (MSME) engaged in Manufacturing / Suppliers / Trading / Vendors / or other ancillary products related to solar projects for setting up solar roof top, grounding solar panels etc
o Thrust on funding vendors empanelled with MNRE for supply of Solar Panels under PM Surya Ghar Muft Bijli Yojana (PM-SGY). |
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| 2. | Purpose | o Working Capital requirements, Purchase of Fixed Assets, Construction of Building etc. | ||||
| 3. | Eligibility | o Existing units with good track record as well as new units.
o MSMEs should have valid Udyam Registration Certificate (URC) o CMR of 1 to 4 or equivalent CIC score. o In case of CMR 5-6 or equivalent CIC score / CMR-NA, Credit policy guidelines to be complied. Any changes in Credit policy guidelines from time to time to be complied. |
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| 4. | Rate of Interest | o Based on rating and offered security | ||||
| 5. | Types of Facility | o Fund Based: Secured OD / OCC / PC / IBN / FBN / FBP/ Term Loan / BP
o Non-Fund Based: Bank Guarantee / LC |
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| 6. | Loan Amount |
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| 7. | Margin | o As per the Bank’s extant guidelines
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| 8. | Security | o As per the Bank’s extant guidelines
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| 9. | Repayment terms |
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( Last modified on Nov 22, 2024 at 12:11:48 PM )
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