Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has joined forces with IndusInd Bank Limited to enhance solar financing for Micro and Small Enterprises (MSEs). This strategic partnership aims to promote the adoption of solar energy by making it more accessible and affordable for MSEs.
Under this alliance, TPREL will offer collateral-free solar financing, with loan amounts ranging from ₹10 lakh to ₹2 crore, subject to the bank’s credit approval. MSEs will benefit from a 20% margin requirement and competitive interest rates, with financing terms extending up to 7 years.
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Tata Power Renewable Energy