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TATA Power Partnered with SIDBI

Published on January 07, 2021
Current Context: India’s largest integrated power company, TATA Power partnered with SIDBI (Small Industries Development Bank of India).
TATA Power Partnered with SIDBI
  • They have partnered to offer financial support to MSMEs who are associated with the rooftop solar segment.
  • The partnership will lead MSMEs to adopt sustainable energy in their businesses.
  • This financing for rooftop solar is for the MSME customers of TATA Power in both off-grid and on-grid solar connections.
  • The MSMEs will get financial aid at an interest rate of less than 10%.
  • Static Part: 
    • HQ of SIDBI: Lucknow, Uttar Pradesh
    • HQ of TATA Power: Mumbai

Question: 

Q.1 With whom TATA power partnered to support with finance to the MSMEs engaged in the rooftop solar segment?
a. NITI Aayog
b. State Bank of India
c. SIDBI
d. SEBI
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