Finance, Solar-Offgrid

Central Bank of India offers loans for solar systems

According to reports, Central Bank of India would provide loans to the people willing to install solar systems in their houses to overcome the power crisis, said D.Lakshmi Narayanan, assistant general manager of the bank, on Saturday.

He told presspersons after inauguration of a retail expo organised by the bank to provide loans for solar power equipment, houses and vehicles that people could avail of the loan depending upon the cost of the equipment.

He said that in Tiruchi region comprising 10 districts and Karaikal in Puduchery the bank had disbursed Rs.1,200 crore as loans this year.

Out of them agriculture loan amounted to Rs.650 crore. Retail loans have been disbursed to the tune of Rs.350 crore.

“Whoever wants to avail of loans for houses, vehicles or solar power equipment, can approach us and get them sanctioned at the expo itself.”

Savithiri Gopal, chairperson, Thanjavur municipality, inaugurated the expo.

T.Raju Rebero, managing director of Contura Solar (India) Pvt ltd, which had put up a stall, said that solar cap with fan (the fan will revolve when the cap is used in sunlight) priced at Rs.600. Solar mobile charger, solar lantern, solar LED lighting system, and solar generator for houses are available with them.

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