Those looking for setting up solar panels on their roofs have reason to celebrate as Union Bank of India has extended its rooftop solar financing scheme to residential customers.
The scheme, launched in association with Tata Power, was initially targeted only at commercial and industrial (C&I) customers. The first phase of the partnership resulted in disbursal of around Rs 165 crore for the commercial and industrial segment.
Under the renewed three-year agreement, residential customers can now avail loans up to ₹ 15 lakh for setting up rooftop solar plants.
