Sustainable Funds For Greener Future
Key Features
- Term Loan (Rupee or Foreign Currency)
- Financing upto Rs. 50 crore subject to maximum of 75% of the total project cost.
- Repayment upto 10 years with moratorium upto 18 months.
- MCLR linked attractive rate of interest
- Assistance may be covered under Risk Sharing Facilities like CGTMSE, PRSF, etc.
Eligibility
Manufacturing and Service providers (RESCOs, ESCOs, EPCs, Vendors etc) and MSMEs on either supply side or demand side of the green value chain.
MSMEs executing projects/providing services, related to the activities i.e. Energy Efficiency, Renewable Energy, Compressed Bio Gas, Water & Waste Water Management, Solid Waste Management, E-Mobility, etc.
Key Features
- Assistance for capital expenditure including for purchase of equipment/ machinery, installation, minor civil works, commissioning etc. for implementing the energy efficiency measures.
- 100% financing for loans upto Rs. 15 crore with security of 25% in form of fixed deposit.
- Financing upto Rs. 15 crore subject to maximum of 75% of the project cost under promoter contribution model.
- MCLR Linked attractive rate of Interest.
- Repayment upto 84 months with moratorium upto 12 months.
Eligibility
- MSMEs in the manufacturing or services sector.
- MSMEs are required to establish energy efficiency / GHG emission reduction.
- MSMEs are also required to comply with E&S framework of the Bank.
- MSMEs having minimum 3 years of operations and cash profits.