As lending to solar rooftop moves at snail’s pace, SBI plans to scale up awareness camps
In May 2016, the World Bank gave the State Bank of India a “loan support” of $625 million (₹ 4,125 crore at the then exchange rate), so that SBI could on-lend it to solar rooftop projects in India.
Nearly four years down the line, SBI has lent only a third of it. In an email to BusinessLine at the end of January, the World Bank said: “So far, SBI has disbursed $211.42 million under the grid-connected rooftop solar programme of the World Bank.” (An SBI official confirmed to BusinessLine that the number has not changed significantly since then.)
