Exploring SBI Surya Ghar Scheme for Solar Rooftop Financing: The government recently launched a campaign to raise awareness and generate applications from interested households for the Surya Ghar Muft Bijli Yojana for rooftop Solar Scheme. Several important FAQs about the SBI Surya Ghar Yojna for Solar Rooftop offer loans to install solar panels on rooftops.
Is SBI Surya Ghar Loan for Solar Roof Top Financing available to everyone?
A solar rooftop of up to 3 KW capacity can be installed on any roof with sufficient roof area and rooftop rights.
Is Solar Rooftop (SRT) eligible if the capacity is greater than 3 KW or up to 10 KW?
The following customers are eligible for this category of loan, provided they have sufficient roof area and rooftop rights for the proposed installation:
- All salaried customers, with or without a salary account with SBI.
- Pensioners with SBI pension accounts.
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In the SBI Surya Ghar Scheme, what is the maximum loan amount?
Solar Roof Top Installation of up to 3 KW capacity: Rs 2,00,000. Solar Roof Top Installation of more than 3 KW and up to 10 KW capacity: Rs 6,00,000.
This scheme, however, does not stipulate a minimum loan amount.
Exploring SBI Surya Ghar Scheme for Solar Rooftop Financing: Does this loan have a minimum income requirement?
If the loan is for the installation of a Solar Roof Top up to 3 KW, no.
In order to obtain a loan for an installation of more than 3 KW & up to 10 KW, the applicant must have a net annual income of at least Rs 3 lakh.
Up to what age, you can avail loan under SBI Surya Ghar Scheme?
Customers may apply for the loan up to the age of 65, but the loan must be closed before they turn 70.
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