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As lending to solar rooftop moves at a snail's pace SBI plans to scale up awareness camps

  • 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.