Tata Power Renewable Energy Limited (TPREL), one of India’s leading renewable energy companies and a subsidiary of The Tata Power Company Limited, has signed a Memorandum of Understanding (MoU) with Uttar Pradesh Gramin Bank to facilitate easy and affordable financing solutions for customers adopting rooftop solar systems across Uttar Pradesh.
Uttar Pradesh Gramin Bank (UPGB), the largest Regional Rural Bank (RRB) in India, serves the entire state of Uttar Pradesh, with special focus on financial inclusion. The bank has a strong presence of over 4,300 branches across the state
This strategic collaboration aims to accelerate the adoption of clean energy by addressing one of the key barriers to solar adoption, which is access to financing. Through this partnership, TPREL customers will be able to avail loan products from Uttar Pradesh Gramin Bank for both residential and non-residential (Commercial & Industrial) solar.
Aligned with the PM Surya Ghar Yojana, the residential solar financing framework enables salaried and self‑employed individuals to transition seamlessly to rooftop solar solutions. Customers can access loans of up to ₹2 lakh for systems up to 3 kW and up to ₹10 lakh for installations ranging from 3–10 kW, significantly improving affordability. For systems up to 3 kW, the scheme offers financing of up to 90% with attractive interest rates, complemented by collateral‑free loans, zero processing fees, and extended repayment tenures of up to 10 years, substantially lowering entry barriers for households. For systems between 3–10 kW, customers can avail up to 80% financing, with interest rates aligned to prevailing home loan rates for existing home loan customers and flexible tenures of up to 7 years, enabling wider adoption of higher‑capacity rooftop solar systems.
Under the non‑residential (C&I) segment, the financing framework supports solar adoption across proprietorships, partnerships, private limited companies, and LLPs, with loans of up to ₹1 crore covering up to 75% of project cost. The offering features competitive interest rates with preferential concessions for women‑owned enterprises and fully collateralized accounts, along with flexible repayment tenures of up to 7 years aligned to business cash flow cycles. Additionally, Micro and Small Enterprises can access collateral‑free loans up to ₹10 lakh under CGTMSE, enabling easier financing and faster transition to clean energy.
The partnership will also enable joint outreach initiatives, awareness campaigns, and on-ground engagement through TPREL’s channel partners and Uttar Pradesh Gramin Bank’s extensive branch network, ensuring deeper penetration of solar solutions across the state.
In this context, the upcoming PowerPax India Renewable Energy Expo 2026, scheduled to be held on May 02–03, 2026, in Varanasi, is expected to play a vital role in accelerating such developments. The expo will bring together key stakeholders, including policymakers, EPC companies, technology providers, and investors, offering a platform to explore opportunities in solar deployment across sectors like railways and public infrastructure. Registration is free.
With increasing focus on clean energy integration, initiatives like these, supported by industry platforms such as PowerPax, are set to drive Uttar Pradesh’s transition toward a more sustainable and energy-efficient future.
