- Date : 12/03/2020
- Source : The Hindu Business Line
In May 2016, the World Bank gave the State Bank of India a “loan support” of $625 million ( INR 4,125 crore at the then exchange rate), so that SBI could lend it to solar rooftop projects in India. Nearly four years down the line, SBI has lent only a third of it.
Rooftop solar (industry) operates in a somewhat ambiguous regulatory environment which makes it easy for discoms to put obstacles in the way of the projects,” said Manu Karan, Vice President, Business Development, at CleanMax.