SBI and Tata Power joins hand for financing solar projects

SBI and Tata Power joins hand for financing solar projects

  • State Bank of India (SBI) has launched a dedicated centralized processing cell named ‘Surya Shakti Cell’ with the objective of strengthening the existing financing arrangement for solar power projects.
  • SBI has collaborated with Tata Power Solar Systems Ltd. (a Tata Power Company) for financing solar power projects.
  • The cell has been set-up in the Ballard Estate in Mumbai.
  • The Surya Shakti Cell will process all the loan applications for Solar Projects from across India by Tata Power Solar Systems Ltd., with maximum capacity up to 1 MW.
  • Loan applicants will include both business entities as well as households.

Points to remember:

  1. Which bank has launched Surya Shakti Cell, a centralized cell for financing solar power projects?
  2. Name of the centralized cell launched by SBI for financing solar power projects?
  3. Surya Shakti Cell is set up at which place? Mumbai
  4. SBI has partnered with which company for financing solar power projects through its Surya Shakti Cell?
  5. The Surya Shakti Cell will approve loan for solar projects having a maximum capacity of _____? 1 MW

Source: Economic Times

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