Bank of Baroda signs MoU with TPREL for green energy financing
This partnership offers collateral-free loans up to Rs10 Crore for solar projects, with attractive interest rates starting from 7.75%, a flexible repayment tenure of up to 120 months, and relaxed margin requirements starting at 20%.
State-run Bank of Baroda signed an MoU with Tata Power Renewable Energy Limited (TPREL) to provide solar financing solutions for MSMEs and Commercial & Industrial (C&I) customers. The MoU was signed by Shri Madhur Kumar, Chief General Manager, MSME Banking, Co-Lending & SCF Department, Bank of Baroda, and Mr. Shivram Bikkina, Chief-Rooftop Solar Business & EV Charging Business, Tata Power Renewable Energy Limited.
The signing was witnessed by Mr. Dhrubashish Bhattacharya, MSME Banking & Co-lending, Bank of Baroda, and Ms. Nikita Kanodia, Head - Customer Financing, Business Development, Business Excellence & Ethics, Tata Power Renewable Energy Limited.
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Read Also : Indian Air Force and IIT Ropar Sign MoU for Indigenous Technology DevelopmentThis partnership offers collateral-free loans up to Rs10 Crore for solar projects, with attractive interest rates starting from 7.75%, a flexible repayment tenure of up to 120 months, and relaxed margin requirements starting at 20%. The scheme also includes concessional processing fees and Pan India coverage, making renewable energy adoption more accessible for businesses.
Bank of Baroda and Tata Power Renewable Energy are both committed to driving India’s green energy transition, supporting MSMEs and C&I customers in reducing operational costs, and contributing to a low-carbon economy.
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