If you have a roof, SBI offers earning opportunity
New Delhi: If you have empty roof of the house then you can earn from it. You can build power by planting a solar plant on the roof of the house and earn money by selling it to government or power companies. SBI will help you in this work.
How SBI Will Help
For this scheme of government, SBI has specifically made a line of credit with the World Bank, so that the beneficiary of the scheme can be made available to the loan. SBI lays up to 75 percent of the total cost of solar panels as a loan. SBI will provide loans to all corporate account group branches, mid corporate group branches and SME branches. It will be given 15 years to pay the loan.
Who can take the loan
Any person can be applied as a sole proprietor, Partnership firm, Incliding LLP and Company / Special Papers Vehicle / NBFC Borrower or loan from their parent company SBI for setting up Rooftop Solar System. For that you have at least 1 year experience in the power sector. The CRR rating by it should be SB-10 and better, as well as the ECR is essential for a loan of Rs 10 crore or more.
The proof will need for a loan
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Water ID, PAN number, support number etc., such as applicant and mentor ID or address proof. The applicant and the guarantor will have to submit Income Tax Return, Wealth Tax Returns for the last three financial years. The applicant and his associates have an annual report of the last three years of business, which has an audited balance sheet and trading and a profit or loss account.
How to be guaranteed
A personal guarantee of the proprietor / partners / directors will be demanded if a person / partner firm / company applies the loan for solar power production. Special Papers Vehicles / Associates / Subsidencies require corporate guarantees sponsored to take out loans.
If the applicant is a company then this Proof
If the applicant is a company, its Memorandum and Articles of Association, the certificate of commencement of business will appear. The last three years of sales tax will be shown. Copy of identified project report, projected balance sheet, profit and loss account, cash flow statement etc. Copy of Resource Studies
CLICK HERE TO READ FROM SOURCE
New Delhi: If you have empty roof of the house then you can earn from it. You can build power by planting a solar plant on the roof of the house and earn money by selling it to government or power companies. SBI will help you in this work.
How SBI Will Help
For this scheme of government, SBI has specifically made a line of credit with the World Bank, so that the beneficiary of the scheme can be made available to the loan. SBI lays up to 75 percent of the total cost of solar panels as a loan. SBI will provide loans to all corporate account group branches, mid corporate group branches and SME branches. It will be given 15 years to pay the loan.
Who can take the loan
Any person can be applied as a sole proprietor, Partnership firm, Incliding LLP and Company / Special Papers Vehicle / NBFC Borrower or loan from their parent company SBI for setting up Rooftop Solar System. For that you have at least 1 year experience in the power sector. The CRR rating by it should be SB-10 and better, as well as the ECR is essential for a loan of Rs 10 crore or more.
The proof will need for a loan
Sponsored Ads
Water ID, PAN number, support number etc., such as applicant and mentor ID or address proof. The applicant and the guarantor will have to submit Income Tax Return, Wealth Tax Returns for the last three financial years. The applicant and his associates have an annual report of the last three years of business, which has an audited balance sheet and trading and a profit or loss account.
How to be guaranteed
A personal guarantee of the proprietor / partners / directors will be demanded if a person / partner firm / company applies the loan for solar power production. Special Papers Vehicles / Associates / Subsidencies require corporate guarantees sponsored to take out loans.
If the applicant is a company then this Proof
If the applicant is a company, its Memorandum and Articles of Association, the certificate of commencement of business will appear. The last three years of sales tax will be shown. Copy of identified project report, projected balance sheet, profit and loss account, cash flow statement etc. Copy of Resource Studies
CLICK HERE TO READ FROM SOURCE
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