The State Bank of India and Tata Power Solar Systems are launching a financing scheme for C&I solar projects up to 1MW.
The Surya Shakti Cell will be domiciled in the Ballard Estate in Mumbai but is aimed at loan applications for solar projects sourced from across India, for installation in households and businesses.
The scheme is set up as an end-to-end digital platform for loan applicants who want to finance solar projects.
Applicants get support and guidance to choose the right equipment, can use the platform to ask for technical help and also receive expedition approval for their loans at competitive rates.
