SummaryThe Tata Power Solar Systems and Indian Bank will also provide financing solutions to installations exceeding 3 kW up to 10 kW. Eligible applications can get up to ₹6 lakh loan, with 20% margin money and interest rates ranging from 8.4% to 10.8%.Tata Power Solar Systems, a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has formed a strategic partnership with Indian Bank to boost the adoption of solar rooftops among residential consumers.
According to an exchange filing, the company said that the collaboration will facilitate financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for installing setups up to 3 kilowatt (kW) and as…
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