Tata Power Renewable Energy Ltd (TPREL) has partnered with Bank of Baroda to finance residential Rooftop Solar Projects under the PM - Surya Ghar Muft Bijli Yojana. The scheme offers loans up to Rs 6 lakh at interest rates starting from 7% per annum, with fixed and floating options. The initiative aims to provide solar power to 1 crore households by 2027, with collateral-free loans and flexible repayment terms, making solar energy more accessible.
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