TPSSL signs MoU with SIDBI to provide funds to MSMEs for solar adoption

Tata Power Solar Systems Limited (TPSSL) and Small Industries Development Bank of India (SIDBI) have signed MoU to provide easy financing solutions to micro, small and medium enterprises (MSMEs) for solar adoption. As a part of the SIDBI’s end-to-end energy efficiency (4E) scheme, SIDBI will provide financial assistance to MSMEs who wish to choose rooftop solar photovoltaic plants or related services from Tata Power or its authorised channel partners throughout India. TPSSL and SIDBI will also stimulate adoption of solar power among MSMEs by providing customised and new financing options through SIDBI’S 4E scheme. The scheme also provides TPSSL’s users wide range of benefits, advantages, together with the most affordable interest rates and loan amounts possible to satisfy the needs of the MSME sector.