Solar Home System (SHS) Program
Under IDCOL SHS Program, IDCOL does not provide any loan directly to the end users. All loans are being channeled through the Participating Organizations (POs) as per the following terms:
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Domestic Biogas Program : Under the Domestic Biogas Program, IDCOL does not provide any loan directly to the end users. All loans will be channeled through the Participating Organizations (POs) as per the following terms:
The lending terms for Domestic Biogas Program as follows :
| Particulars | Term Details |
|---|---|
| Loan amount | 80% of the POs loans to the households |
| Tenure and Grace | 7 years including 1 year grace period |
| Interest Rate | 6% p.a. |
Solar Irrigation Projects :
The lending terms for the solar irrigation projects will be as follows :
| Particulars | Term Details |
|---|---|
| Loan amount | Up to 50% of the Project Cost |
| Tenure and Grace | 8 years including up to 1 Year grace period |
| Interest Rate | 6.00% p.a. |
Solar Mini / Micro Grid Projects :
The lending terms for the solar mini and micro grid projects will be as follows :
| Particulars | Term Details |
|---|---|
| Loan amount | Up to 40% of the Project Cost |
| Tenure and Grace | 8 years including up to 1 Year grace period |
| Interest Rate | 6% ~ 9% p.a. |
Biomass-based Power Projects :
The lending terms for the biomass based power projects will be as follows :
| Particulars | Term Details |
|---|---|
| Loan amount | 60% of the Project Cost |
| Tenure and Grace | 8 years including 1 year grace period |
| Interest Rate | 6% p.a. |
Other Renewable Energy Projects :
The lending terms for other solar/wind/hydro/other renewable energy projects i.e. solar diesel hybrid solution for telecom BTSs, solar-powered transportation, rooftop solar system, solar cold storage and dryers, battery charging stations, community biogas projects etc. will be as follows :
| Particulars | Term Details |
|---|---|
| Loan amount | Up to 80% of the Project Cost |
| Tenure and Grace | Up to 10 years including up to 2 years grace period |
| Interest Rate | 6%~10%p.a. |
However, large grid-tied renewable energy IPP projects will be financed on commercial terms and may also be eligible for a USD loan.
