Priority Sector Loan
Retail Loan
Commercial Loan
JAWAHARLAL NEHRU NATIONAL SOLAR MISSION (JNNSM)
 
  Objective
  • To meet the gap between better quality of life and India’s energy demand.
  Eligibility
  • Individuals, groups of individuals, SHGs, JLGs are eligible for loan and capital subsidy under the scheme .
 Purpose
  • FINANCING SOLAR LIGHTING AND SMALL CAPACITY PHOTO-VOLTAIC SYSTEMS
 Amount:
  • The loan amount shall vary from Rs 3000/- to Rs 50000/-.**
 Margin
  • 20% of the cost of the equipment .
 Security :
  • Prime security by way of Bank’s hypothecation charge on the equipment. No collateral security should be insisted up to the loan amount of Rs25000/-(net of subsidy) .
 Repayment :
  • Maximum 5 Years
 Holiday Period :
  • Not Applicable .
 Rate of Interest :
  • BPLR (Present BPLR 14.25%)
 Remarks :
  • Subsidy will be back ended with a minimum lock in period of 3 years.
* For Form goto Forms Downlod dection .For further details, contact the nearest Branch .
** The Capital Subsidy @ 40% of the cost of the equipment / model approved by MNRE .