MSME Reachout

Solar Adoption Program

 MSME Reachout is designed to work as a catalyst of growth to promote rooftop solar for MSME, facilitating the loan relatively easier to obtain and their installments not very taxing. Create a win-win situation of Payment of installation out of savings from Electricity Bills.

Electricity Bill = EMI + savings*

  MSME with financial capability can invest in RTS can also avail of this financing option. MSME can install the RTS and enjoy the savings with immediate effect, with EMI matching the utility tariff will mean the savings are instant and ROI period is less than 5 years.

*This is applicable for tariff higher than ₹.  10 / Unit

The scheme is for Gujarat, Rajasthan, Chandigarh, Punjab, Delhi Maharashtra, Madhya Pradesh, Andra Pradesh, Telangana, Kerala and Karnataka

  1. The program for MSME, registered as per the MSMED Act
  2. Solar grid-tied or Stand alone program on site projects 
  3. Installation size of the project:  50 kW to 500 KW
  4. CIBIL credit score Min   700 (CIBIL 600 subject to fulfilment of conditions)
  5. Registered Company or Partnership firm or LLP
  6. Your business must be in existence for 4 consecutive financial years
  7. Your business should have cash profit in the last two financial years
  8. Your turnover needs to show an upward trending borrowing power 
  • Company Registration certificate
  • GST Registration Certificate
  • Aadhar card and PAN of the promoter 
  • KYC documents as per Banks Guidelines
  • Copy of MoA, Partnership deed /trust deed etc.
  • Consent to operate from PCB
  • Electricity bills for past 6 months with load details and addition/deletion of the load if any
  • Roof stability certificate from Structural engineer on roof stability
  • Clearance from Concerned Authority / DISCOM etc as applicable (Application for net-metering to DISCOM)
  • Copy of the Ownership / Rent/ Lease agreement (Self Certified).

Additional Documents:

  • Copy of Sanction Letter from Banks and Other lenders for existing banking arrangements
  • Financial Statements for Past 6 months, (from Banks and Borrowing Institutions)
  • Loans and Limits Availed from Other Bankers and FI’s which are currently outstanding

Security  :

  •  No Additional collateral 
  • 25 % project costs as deposit, the deposit will be interest bearing, treated as collateral

Total Loan Amount 

  • 75 % of the cost of Project Cost


  • 9.5 % to 10.5 % depending on the credit rating of the MSME. The interest rate will be decided by Financial Institute


  • 2 % prepayment Penalty

Processing Timelines

  • 15 days after submission of complete paperwork
  • Subject to approval from the Bank/ NBFC

Processing Fees

  • NBFC  fee of 1 %  
  • Nominal processing fee of 1 %