Tata Power Solar Systems Limited (TPSSL), a wholly-owned subsidiary of Tata Power Renewable Energy Limited, has announced its partnership with Indian Bank for the adoption of solar rooftop among residential consumers.
The collaboration aims to facilitate financing solutions under the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for installations up to 3 kW, as well as extend support for installations ranging from 3 to 10 kW under the regular scheme. For installations exceeding 3 kW up to 10 kW, TPSSL and Indian Bank present a financing solution that accommodates the diverse needs of homeowners. Eligible applicants can access loans up to Rs 0.6 million, with a margin money requirement of 20 per cent.