Tata Power Renewable Energy Limited (TPREL) has partnered with IndusInd Bank to provide accessible solar financing for Micro and Small Enterprises (MSEs) in India. This partnership offers collateral-free loans ranging from ₹10 lakh to ₹2 crore with a 20% margin and loan terms of up to 7 years, contingent on credit approval. IndusInd Bank, focusing on sustainable financing, will help facilitate rooftop solar installations for businesses, supporting cost reduction and energy efficiency. TPREL has secured over ₹4,200 crore for solar rooftop financing by collaborating with more than 20 financial institutions, including public and private banks. TPREL has installed 2.5 GW of solar rooftops, with projected CO₂ reductions equivalent to planting 1.8 million trees over 25 years.
IndusInd Bank partners with Tata Power for MSE solar loans
IndusInd Bank joins Tata Power Renewable Energy in an initiative to fund rooftop solar, providing loans up to ₹2 crore for India’s MSE sector. (Image Source: PRNewswire)
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