Tata Power Solar Systems Ltd (TPSSL), an integrated solar company, has signed a Memorandum of Understanding (MoU) with the Small Industries Development Bank of India (SIDBI) to offer an easy financing option for micro, small & medium enterprises (MSMEs).
MSMEs willing to opt for rooftop solar PV plants or associated services from Tata Power or its authorized channel partners across India will be financially supported by SIDBI under the scheme.
Under this strategic partnership, TPSSL and SIDBI will encourage solar energy adoption among MSMEs by offering customized and innovative financing solutions through SIDBI’s 4E (End to End Energy Efficiency) Scheme. The 4E solar financing scheme offers TPSSL’s customers an array of benefits, including competitive interest rates and loan limit, to meet the requirements of the MSME sector.
Tata Power Solar Systems offers solar energy solutions spanning from installations to operational maintenance. Its solar EPC portfolio comprises more than 11.5 GWp of ground-mount utility-scale, over 1.7 GW of rooftop and distributed ground-mounted systems and over 1,00,000 solar water pumps.
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