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SBI Partners with Tata Power's Subsidiary for Financing Solar Projects

State Bank of India (SBI) has launched a dedicated centralized processing cell - ‘Surya Shakti Cell’. The bank has entered into an agreement with Tata Power Solar Systems (a wholly owned subsidiary of The Tata Power Company) for financing solar projects.

 

Set-up in the Ballard Estate in Mumbai, Maharashtra, the Surya Shakti Cell will process all the loan applications for solar projects (capacity up to 1 MW) sourced from across India, for installation by business entities as well as households.

 

The bank aims to provide an end-to-end digital platform to the loan applicants for financing solar projects.

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