Tata Power, SIDBI join hands for rooftop solar financing for MSMEs

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Tata Power has announced its partnership with SIDBI to provide a finance scheme to the MSME players in the rooftop solar segment.
Tata Power said easy financing has been one of the barriers for penetration of solar in the MSME sector.
The Scheme will provide financial aid without any collateral at an interest of less than 10 percent.
The scheme will also be complimented with a sanction time of seven days and disbursal of money in four days.
The benefits of the scheme can be availed by both off-grid and on-grid solar connections.