Eligible Entities
- Private Sector Companies, LLPs, CPSUs, State Utilities (Discoms, Transcos, Gencos), and Joint Sector Companies.
- Exclusions: Trusts, Societies, Individuals, Proprietary concerns (unless supported by a Bank Guarantee/FDR), and loss-making applicants (with exceptions for projects involving SPVs or other specific conditions).
Projects Eligible for Assistance
- Renewable Energy (RE) projects like Wind, Solar, Hydro, Biomass, Waste-to-Energy, and Biofuel projects.
- Energy Efficiency and Conservation initiatives.
- Hybrid Projects combining RE technologies.
- New and emerging RE technologies, including hydrogen-based projects.
- Transmission and grid-interconnection facilities for RE power evacuation.
Loan Eligibility
- Minimum loan amount: ₹50 lakh.
- Quantum of loan: Normally up to 70% of the project cost; can be up to 80%-90% under specific conditions.
- Debt-Equity Ratio (DER): Typically 3:1, extendable to 4:1 for certain projects with good credit ratings or experienced promoters.
Interest Rates
- Interest rates are based on credit grades, ranging from 8.90% (AAA-rated RE projects) to higher rates (up to 12%) for lower grades or standalone ethanol projects.
- Rebates and concessions:
- Up to 0.5% for SC/ST, Women, or Entrepreneurs in backward/rural areas.
- Discounts for commissioned projects or projects with high external ratings.
Repayment Period & Moratorium
- Repayment: 15-20 years based on project life and cash flows.
- Moratorium: Generally 6 months to 1.5 years post-COD.
- Maximum repayment period capped at 80% of the useful project life.
Security Requirements
- Performance guarantees for plant equipment, insurance policies covering losses, and additional securities like personal or corporate guarantees.
- DSRA requirements vary depending on the stage (new or commissioned projects) and the project type.
