Tata Power and Bank of Baroda offer up to ₹10 crore solar loans at 7.75% interest for MSMEs, backed by India’s CGTMSE.

Tata Power Renewable Energy has partnered with Bank of Baroda to offer collateral-free loans of up to Rs 10 crore at starting interest rates of 7.75% for MSMEs and commercial entities adopting solar energy, with projects up to 10 MW. The financing, backed by the CGTMSE, includes flexible repayment terms of up to 120 months and reduced fees, aiming to lower barriers to solar adoption. The initiative supports India’s push for renewable energy, with TPREL having completed over 249,000 rooftop solar installations and a cumulative capacity of 3.6 GWp as of August 2025.