* The association will be implemented under
UBI's solar scheme called
'Union Solar', which was launched on a pan-India level to relieve the MSME's from the stress of higher power costs and grid exigencies.
* MSMEs can avail the dual services of
Solar EPC by
TPSSL, financed through term loan facility by
UBI, wherein industries can avail up to
Rs 8 crore of
loan amount at best possible interest rates (exclusive for Tata Power customers) with nil or minimum collateral.
* The scheme also requires minimum down payment of only
20% of project cost thus making it very attractive for the MSME..
Source : Business Standard
