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Cent Solar

S.N Parameter Criteria
1 Scheme title Cent Solar Udyam Suraksha - Captive utilisation of solar power plants for MSME Units
2 Eligibility All existing and new MSME units – Individuals, Proprietary concerns, Partnership firms, LLP and Companies having UDYAM Certificate and registered under GST wherever applicable.
3 Activity To finance MSMEs towards setting up of Rooftop/Ground mounted Solar Units aimed at cost saving and increased Use of renewable energy for existing business use (Captive consumption)
4 Udyam Registration Mandatory
5 Quantum of finance Minimum – Rs.11 lakh
Maximum – Rs.20 Crore
(Solar units with minimum capacity of 20 kW and Maximum 10 MW to be financed under scheme)
6 Nature of facility i. Term Loan.
7 Interest Rate Attractive Rate of Interest
8 Margin Minimum 25 %
9 Security Primary Security: -
Assets created out of bank finance.

Collateral Security:
a Sarfaesi compliant immovable property with realisable value of at least 30% of loan amount.

CGTMSE Coverage
  1. Up to Rs. 5.00 Crore – CGTMSE shall be extended loan up to Rs. 5.00 Crore
  2. Above 5 Crore and up to Rs. 10.00 Crore subject to Scheme Guidlines.
  3. Hybrid Model is allowed.