Archive · 26 Sep 2025
Tata Power, Bank of Baroda Partner for MSME Solar Financing
Tata Power Renewable Energy and Bank of Baroda have teamed up to help small and medium-sized businesses (MSMEs) use solar power.
Bank of Baroda will provide loans to these businesses so they can buy solar equipment and set up projects.
The loans can be up to 10 crore rupees with interest rates starting at 7.75%.
MSMEs can repay the loans over a period of up to 120 months.
This partnership aims to make it easier for businesses to switch to renewable energy and reduce their operating costs.
Tata Power Renewable Energy (TPREL) and Bank of Baroda (BoB) have partnered.
The partnership focuses on financing solar projects for MSMEs.
Bank of Baroda will offer loans for projects up to 10 MW capacity.
Loans are collateral-free up to Rs 10 crore, under CGTMSE coverage.
Loans offer interest rates from 7.75% and repayment terms up to 120 months.
- Who
- Tata Power Renewable Energy and Bank of Baroda
- What
- Signed an agreement to finance solar projects
- When
- Not explicitly mentioned in the article.
- Where
- Not explicitly mentioned in the article.
- Why
- To offer financing solutions to MSMEs for solar equipment and projects.
- Partners
- Tata Power Renewable Energy & Bank of Baroda
- Purpose
- Finance solar projects for MSMEs
- Target Customers
- MSMEs
- Loan Amount
- Up to Rs 10 crore
- Interest Rate
- Starting from 7.75%
- Repayment Tenure
- Up to 120 months
- Capacity
- Up to 10 MW
Sources
Tata Power Renewable signs MoU with Bank of Baroda to finance MSME solar projects
Tata Power Renewable Energy Signs Agreement With Bank Of Baroda To Offer Financing Solutions To MSMEs For Solar Equipment & Projects
Tata Power Renewable Energy Ltd inks pact with Bank of Baroda to offer solar financing solution to MSMEs
