India, Sept. 13 -- Tata Power Company's step-down subsidiary -- Tata Power Solar Systems (TPSSL) has signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) to offer an easy financing option for MSMEs. TPSSL is wholly owned subsidiary of Tata Power Renewable Energy (TPREL). TPREL is a subsidiary of Tata Power.
MSMEs that are willing to opt for Rooftop Solar PV Plant or associated services from Tata Power or its authorised Channel Partners across India will be financially supported by SIDBI under the scheme. Under this strategic partnership, TPSSL and SIDBI will encourage solar energy adoption among Micro, Small & Medium Enterprises by offering customised & innovative financing solutions through SIDBI's 4E (End to End Energy Efficiency) Scheme. The 4E solar financing scheme offers TPSSL's customers an array of compelling benefits, including the most competitive interest rates and loan limit to meet the requirement of the MSME sector.
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