Provisions of loan for Grid Connected Rooftop Solar Power Plants
Government of India, Ministry of Finance has advised all Nationalized banks to encourage the home loan/ home improvement loan seekers to install rooftop solar PVs and include the cost of such equipment in their home loan proposals just like non solar lighting, wiring and other such fittings.
In compliance, so far, eight Public Sector Nationalized Banks namely Bank of India, Syndicate Bank, State Bank of India, Dena Bank, Central Bank of India, Punjab National Bank, Allahabad Bank and Indian Overseas Bank have taken actions on the advisory and issued the necessary instructions for their branches accordingly.
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