IndusInd Bank and Tata Power Renewable Energy Partner to Offer Collateral-Free Solar Financing for MSEs
| Aspect | Details |
|---|---|
| Partners | IndusInd Bank and Tata Power Renewable Energy Limited (TPREL) |
| Target Audience | Micro and Small Enterprises (MSEs) in India |
| Purpose | Provide collateral-free solar financing solutions |
| Loan Range | ₹10 lakhs to ₹2 crores |
| Margins | 20% margin required |
| Interest Rates | Competitive rates |
| Repayment Terms | Up to seven years |
| Key Features | Collateral-free loans, flexible repayment, competitive interest rates |
| Leadership Insights | Deepesh Nanda (TPREL CEO) and Sanjeev Anand (IndusInd Bank) emphasized the partnership's role in sustainability and MSE support. |
| Broader Context | Part of India's net-zero emissions target by 2070; TPREL has facilitated over ₹4200 crore in solar financing. |