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Easy Loan for Solar: Is a Need of an Hour

News:

Punjab government asked banks and financial institutions to provide easy credit to solar power developers in the state. 
Source: ET

SNP Insights:

Extending scheme of easy credit loan to solar power developers from punjab to entire nation may help government in achieving ambitious target of 100 GW. Also, the cost of debt for solar in India is around 12% which is 14% and 140% higher than USA and China respectively. Easy and soft loan would not only augment the solar power capacity but also might reduce the tariff advancing toward grid parity.
Source: SNP Infra Research