Solex Energy has partnered with State Bank of India

Current Context: On 26th October, Solex Energy partnered with the State Bank of India (SBI) to provide financing options for solar energy projects.

• This partnership aims to make solar energy more accessible and affordable, driving the growth of renewable energy in India.
• Key Aspects of the Partnership:
• Financing Options: SBI will offer financing through its Surya Shakti Solar Finance Scheme, providing loans up to Rs 10 crore. This scheme aims to support businesses and individuals in setting up solar power systems.
• Promoting Renewable Energy: By offering attractive financing options, the partnership encourages the adoption of solar energy, helping to reduce dependence on non-renewable energy sources and contributing to a greener environment.
• Accessibility and Affordability: The collaboration between Solex Energy and SBI ensures that more people and businesses can afford to invest in solar energy, thanks to the financial support provided by the bank.

Question:

1 Under the Surya Shakti Solar Finance Scheme by SBI, what is the maximum loan amount that can be provided?

• A) Rs 5 crore
• B) Rs 10 crore
• C) Rs 15 crore
• D) Rs 12 crore

Answer: B) The SBI Surya Shakti Solar Finance Scheme offers loans up to Rs 10 crore, specifically to support solar energy projects for individuals and businesses.