Tata Power and Canara Bank Partner for Rooftop Solar Loans

Current Context: On December 20, 2024, Tata Power Renewable Energy Limited entered into a partnership agreement with Canara Bank.

• This partnership aims to promote the adoption of rooftop solar systems under the PM Surya Ghar Scheme.
• The agreement outlines the terms and conditions for providing affordable financing options to households for installing rooftop solar systems.
• Loans of up to Rs 2 lakh for systems up to 3 kW and Rs 6 lakh for systems between 3 kW and 10 kW are available. These loans come with competitive interest rates and do not require any collateral.
• The collaboration is expected to make clean energy solutions more accessible and support India's sustainability goals.

Question:

1 What is the maximum loan amount available for rooftop solar systems between 3 kW and 10 kW under Tata Power and Canara Bank partnership?

• A) ₹2 lakh
• B) ₹4 lakh
• C) ₹6 lakh
• D) ₹8 lakh

Answer: C) Loans of up to ₹6 lakh are available for rooftop solar systems with capacities between 3 kW and 10 kW.