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Central Bank of India Solar Farm Financing
Financing Options from Cental Bank of India
To establish decentralized ground or stilt-mounted grid-connected solar or other renewable energy-based power plants (REPP) with a capacity of 500KW to 2MW.
Pm Surya Ghar Loan upto 3KW
| Eligibility | Individual Farmer/ Group of Farmers/ Co-operatives/Panchayat/Farmer producer organization (FPO)/ Water User Associations | |
| Nature of facility | Term Loan/Working capital against receivables/NFB-LC/BG | |
| Margin | Term Loan/ BG – 25% OD Book Debts-40 |
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| Security | Primary Security – Hypothecation of Plant & Machineries installed. Collateral – 150% of limit collateral security required |
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| Interest Rate | UptoRs3,00,000/- Above Rs3.00 lakh to Rs10.00 lacs Above Rs10 lakhs uptos.100 lakhs Above Rs100.00 Lakhs |
MCLR + 1.35%
MCLR + 2.50% MCLR + 3.00% As per risk rating of borrower |
| Processing Charges | Upto Rs 3 Lakh/- : Nil Above Rs 3 Lakh/- : @0.30 % |
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| Upfront Fee | Upto Rs 3 Lakh/- : Nil Above Rs 3 Lakh/- : 50% of 1.25% (i.e. 0.625 %) |
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| Repayment | 10 years (including moratorium max 12 months). | |