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Web Exclusive | December 2012

Central Bank of India offers loans for solar systems

For those willing to install solar systems in their houses to overcome the power crisis, Central Bank of India would give loans, said D Lakshmi Narayanan, Assistant General Manager of the bank.

According to media reports, the bank is to provide loans to buy solar power equipment, houses and vehicles.

He said that in Tiruchi region comprising 10 districts and Karaikal in Puduchery the bank had disbursed Rs.1,200 crore as loans this year. Out of them, agriculture loan amounted to Rs.650 crore. Retail loans have been disbursed to the tune of Rs.350 crore.

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