TPREL & Bank of Baroda: Solar Financing for MSMEs
x
Tata Power Renewable Energy partners with Bank of Baroda to provide solar financing solutions to MSMEs. Loans up to Rs 10 crore available.
New Delhi, Sep 26 (PTI) Tata Power Renewable Energy Ltd (TPREL) has signed an agreement with public lender Bank of Baroda to offer financing solutions to MSMEs and Commercial & Industrial (C&I) units for solar equipment and projects.
Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment and projects of up to 10 MW capacity through TPREL or its authorised partners, the company said in a statement on Friday.
The financing scheme offers a rate of interest starting from 7.75 per cent, collateral-free loans of up to Rs 10 crore, Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) coverage and flexible repayment tenure of up to 120 months.
As of August 2025, TPREL has completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp.
Various renewable energy companies have tie-ups with banks to offer lending facilities for solar adoptions.
Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment and projects of up to 10 MW capacity through TPREL or its authorised partners, the company said in a statement on Friday.
The financing scheme offers a rate of interest starting from 7.75 per cent, collateral-free loans of up to Rs 10 crore, Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) coverage and flexible repayment tenure of up to 120 months.
As of August 2025, TPREL has completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp.
Various renewable energy companies have tie-ups with banks to offer lending facilities for solar adoptions.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 10.94 (+ 4.39)
- 99612844
- Alstone Textiles
- 0.32 (+ 3.23)
- 81800252
- Sagility
- 53.24 (+ 5.49)
- 44477487
- Billionbrains Garage
- 148.41 (+ 7.47)
- 41591725
- Murae Organisor
- 0.31 ( -3.13)
- 33421080
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback