Due to interruptions in subsidy arrangement schemes with DISCOM/GOVT, financial cycle & money rotation of EPC agency (Solar dealer) are stretched presently.
Various Banks/FIs have come up with schemes to lend working capital funds for Govt. Approved EPC agencies (Solar Panel Dealers) for their working capital needs of business.
Scheme Highlights:
•Loan Amount — up to 50 lacs
•Interest rates – 8 to 9% PA
•No Collateral required, only Security deposit in form of FDs @ 25% of loan amount (Interest on deposit would be 6%)
•Tenure – up to 30 months on case to case basis
Please reach us for more details.
Category: R K KOTADIYA & CO LLP