Sehkari Green Energy Loan ( Roof Top Solar System )

Sehkari Green Energy Loan ( Roof Top Solar System )

Beneficiery

Any men/ women Beneficieries member of the PACS.

Age

Not more than 55 yrs on the date of advancement

Purpose

For installing Solar Panels

Loan Limit

85% of project cost.
Max 15 Lakh for institutions,
Max 5 Lakh for individuals,
Max 3 Lakh if financing
through MPCASS

Rate of interest

12% half yearly

Margin

15%

Repayment

5 yrs

Processing Fee

0.50%
Min Rs500/-
Max 5000/-

Penal Rate

2%

Gurantor

One

Collateral Security

150% collateral if Loan>1 Lakh.
NO collateral if salaried individual and member of MPCASS.
Collateral waived upto loan of 5 lakh if applicant/co-applicant is employee of central/state/PSU/cooperative sector and take loan directly from bank