Now, housing loan for setting up roof-top solar plant

Now, you can set up a roof-top solar power plant on your house to take care of your power requirements through bank loans which would be part of home loan or home improvement loan.

Secretary, Union Ministry for New and Renewable Energy, Upendra Tripathi, who announced this at a press conference here on Friday, said this was possible as the Reserve Bank of India had included renewable energy under the priority lending category. Individuals could borrow a maximum of Rs. 10 lakh under this scheme.

Also to take care of the service and repair requirements of such roof-top solar power plants, the Centre was set to launch Surya Mithra scheme under which 50,000 rural unemployed youth with a qualification of Class 7 would be given free training in handling solar power plants, he said.

http://www.thehindu.com/news/cities/bangalore/now-housing-loan-for-setting-up-rooftop-solar-plant/article7262462.ece

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