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SBI Signed MoU with Jakson Engineers to Promote Solar Energy Adoption in India

Published on August 13, 2024
Current Context: The State Bank of India (SBI) has signed a Memorandum of Understanding (MoU) with Jakson Engineers Limited to promote solar energy adoption across India on 8th August 2024, in Mumbai.
SBI Signed MoU with Jakson Engineers to Promote Solar Energy Adoption in India
  • This collaboration is part of the SURYA SHAKTI SOLAR FINANCE initiative, which aims to provide financial support to commercial, industrial, and institutional sectors for adopting solar energy solutions.
  • The partnership combines SBI’s extensive banking experience with Jakson’s expertise in solar technology.
  • It aims to make solar energy more accessible and affordable, contributing significantly to India’s renewable energy goals.
  • SBI will offer loans up to ₹10 crore to support the deployment of rooftop solar projects, aligning with the government’s target of achieving 100 GW of rooftop solar capacity by 2030.

Question:

1 Under the SBI and Jakson Engineers Limited partnership, what is the maximum loan amount SBI will offer to support the deployment of rooftop solar projects?

  • A) ₹5 crore
  • B) ₹7 crore
  • C) ₹10 crore
  • D) ₹15 crore
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