SBI, Tata Power tie up for financing solar projects

State Bank of India (SBI) has entered into an agreement with Tata Power Solar Systems for financing of solar projects.

SBI has also set up a centralised processing cell – ‘Surya Shakti Cell’, at the Ballard Estate, Mumbai. The cell will process all the loan applications for solar projects (capacity up to 1 MW) sourced from across the country, for installation by business entities as well as households. SBI aims to provide an end-to-end platform for digital and hassle-free journey to the loan applicants for financing solar projects. With this digital initiative, SBI will offer a complete solution at competitive rates for solar projects.