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Tata Power Renewable Energy & IndusInd Bank Partners for Collateral Free Solar Financing for MSEs

Published on November 19, 2024
Current Context: Tata Power Renewable Energy Limited and IndusInd Bank announced their partnership for collateral-free solar financing for Micro and Small Enterprises (MSEs) on November 17, 2024.
Tata Power Renewable Energy & IndusInd Bank Partners for Collateral Free Solar Financing for MSEs
  • This initiative aims to support MSEs in adopting solar energy, thereby reducing their operational costs and contributing to India's green energy goals.
  • Key Details:
    • Purpose: To provide financial support for MSEs to adopt solar energy solutions.
    • Loan Amounts: Ranging from ₹10 lakh to ₹2 crore.
    • Loan Terms: Competitive interest rates with repayment terms up to 7 years.
    • Benefits: Helps MSEs reduce operational costs, promotes renewable energy adoption, and contributes to India's green energy transition.

Question:

1 What is the primary aim of the partnership between Tata Power Renewable Energy Limited and IndusInd Bank?

  • A) To support MSEs in adopting solar energy
  • B) To enhance digital banking services
  • C) To provide scholarships for students
  • D) To launch a new electric vehicle
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