SBI secures $625 mn from World Bank for solar programme

SBI secures $625 mn from World Bank for solar programme

The State Bank of India has signed an agreement worth 4,200 crore rupees with the World Bank to support its solar programme. Under the initiative at least 400 MW solar capacity will be created across the country , the SBI said in a statement.

It said that this agreement will help the bank to finance grid connected rooftop solar photo voltaic projects at very competitive rates. The eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar projects mainly on commercial, industrial and institutional rooftops.