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2h ago

TPREL, Bank of Baroda Launch Financing for MSME and C&I Solar Projects Up to 10 MW

The tie-up seeks to cut MSME upfront costs through collateral-free loans starting at 7.75% under CGTMSE cover.

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Overview

  • Bank of Baroda will provide loans for purchases of solar equipment and projects up to 10 MW routed through TPREL or its authorised partners.
  • The scheme offers interest rates starting from 7.75% with collateral-free lending of up to Rs 10 crore backed by CGTMSE.
  • Borrowers get repayment tenures of up to 120 months, pan-India financing access, reduced margin requirements and concessional processing fees.
  • The programme targets MSME and commercial and industrial customers seeking to adopt solar to lower operating costs.
  • TPREL reports over 2.49 lakh rooftop installations exceeding 3.6 GWp of capacity as of August 2025, underscoring a large deployment base for the financing push.