C’garh Among 15 States Supporting Rooftop Solar Grid System

C’garh Among 15 States Supporting Rooftop Solar Grid System

Chhattisgarh is among  15 States, namely, Andhra Pradesh, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal which have come out with a solar policy supporting grid-connected rooftop systems, the Central Government has informed.

Recently, the Reserve Bank of India (RBI) had included renewable energy projects under priority sector lending for which bank loans up to a limit of Rs 15 crore to borrowers will be available for renewable energy projects including grid connected solar rooftop and ground mounted systems. For individual households, the loan limit is Rs. 10 lakh per borrower, it informed.

Department of Financial Services has advised all Public Sector Banks to provide loans for grid connected rooftop solar systems as home loan/ home improvement loan. Read More…

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