| S. No. | PARTICULARS | DESCRIPTION |
|---|---|---|
| 1. | Name of the Scheme | PNB Solar Vendor Financing Scheme |
| 2. | Purpose | Working capital finance to vendors of solar panels |
| 3. | Eligibility | (i) Individuals/ Proprietorship / Partnership / Limited Liability Partnership (LLP) / Pvt. Ltd. Co. / Public Ltd. Co & any other legal entity having GST Registration No. (wherever applicable). HUF not permitted. (ii) Individual/ entity should be registered as MSME having valid Udyam Registration Certificate. (iii) The vendors/entity should be registered with Ministry of New & Renewable Energy (MNRE)/ DISCOM. Blacklisted vendors on MNRE site shall not be eligible. List of backlisted vendors is available on Ministry of New and Renewable Energy website. (iv) The applicant should at least have 6 months of experience in the intended line of business and should have completed minimum 10 projects/installations. |
| 4. | Nature of facility | Cash Credit |
| 5. | Quantum of loan | Minimum – Above Rs.10 lac Maximum – Rs.5 crore |
| 6. | Margin | 25% (Stock & Book Debt) |
| 7. | Rate of Interest (ROI) | Concessional rate linked with Internal Risk Rating. |
| 8. | Collateral Security | Facility may be covered under CGTMSE for full amount of limit as per Bank guidelines.orFacility can also be covered under “Hybrid Security” model of CGTMSE subject to 100% coverage of the facility. or Minimum 50% collateral in the shape of immovable property or Bank’s approved liquid security to be obtained. |