Bank Loan for 1 MW Solar Power Plant in India – Eligibility, Subsidy & Apply

Looking for a bank loan for 1 MW solar power plant in India ? Check project cost, government subsidy, bank loan options, eligibility criteria, documents required, and step-by-step application process.

Introduction

India me renewable energy kaafi fast grow kar rahi hai aur solar power plants isme sabse zyada popular hain. Agar aap ek 1 MW solar power plant lagana chahte ho, to aapko initial investment ₹4–5 crore tak ki zarurat hogi. Ye cost ek normal businessman ke liye bahut badi hai, isliye bank loan aur government subsidy kaafi helpful sabit hote hain.

Is blog me hum detail me samjhenge:

• 1 MW solar power plant ke liye project cost kitni hai

• Bank loan kaise milta hai

• Eligibility, documents, subsidy aur apply process

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⚡ Project Cost for 1 MW Solar Power Plant in India

Aaj ke time me (2025), 1 MW solar power plant cost approx ₹4 – ₹5 crore hoti hai, jo ki land cost, equipment, installation aur maintenance pe depend karta hai.

Cost Breakdown:

• Solar Panels: ₹2.5 – ₹3 crore

• Inverters & Controllers: ₹50–60 lakh

• Land Development & Civil Work: ₹30–40 lakh

• Transmission & Distribution Setup: ₹40–50 lakh

• Miscellaneous & Maintenance: ₹20–30 lakh

👉 Is total cost ka 70–80% tak bank loan mil sakta hai agar aap eligibility criteria fulfill karte ho.

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🏦 Bank Loan Options for 1 MW Solar Power Plant in India

Bahut saare banks aur financial institutions renewable energy projects ke liye term loans aur project financing provide karte hain.

Major Banks & NBFCs Providing Loans:

• State Bank of India (SBI) – Renewable Energy Loan

• Punjab National Bank (PNB) – Solar Loan Scheme

• Canara Bank – Green Energy Loan

• Indian Renewable Energy Development Agency (IREDA) – Project Financing

• Tata Capital, L&T Finance, REC Limited (NBFCs for energy projects)

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✅ Loan Amount & Repayment

• Loan Coverage: Up to 70–80% of total project cost

• Interest Rate: 9% – 11% p.a. (varies by bank & project)

• Repayment Tenure: 7–12 years (with 1–2 years moratorium period)

• Collateral: Project assets, land mortgage & promoter guarantee required

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👨‍👩‍👧 Eligibility Criteria

• Applicant can be an individual, company, cooperative society, trust or partnership firm

• Good CIBIL score (700+) and financial background

• Ownership or lease agreement of land (minimum 4–5 acres required for 1 MW plant)

• Valid approvals from MNRE (Ministry of New & Renewable Energy) and local DISCOM (Distribution Company)

• Project DPR (Detailed Project Report) submission to bank

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📑 Documents Required for Bank Loan

• Aadhaar, PAN & GST Registration (for company/individual)

• Company Incorporation Certificate (if firm or Pvt Ltd)

• Detailed Project Report (DPR)

• Land ownership/lease papers

• PPA (Power Purchase Agreement) with DISCOM/Third party buyer

• Financial statements (last 3 years, if applicable)

• Bank account details & CIBIL report

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💰 Government Subsidy for Solar Power Plant

Government of India solar projects ko promote karne ke liye subsidies aur incentives provide karti hai.

• Central Financial Assistance (CFA): Up to 30% subsidy (for certain categories)

• Accelerated Depreciation Benefit: 40% tax benefit for businesses installing solar

• State-level Subsidies: Different states like Gujarat, Rajasthan, Tamil Nadu provide extra benefits

• Net Metering Benefits: Extra power ko grid me sell karke income generate karna

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📝 Step-by-Step Process to Apply for Bank Loan

1. Prepare a Detailed Project Report (DPR) – cost, technical feasibility, PPA details.

2. Choose a Bank/NBFC – SBI, PNB, IREDA or private NBFCs.

3. Submit Loan Application – with documents and DPR.

4. Bank Due Diligence – site visit, financial analysis, approvals.

5. Loan Sanction & Disbursement – usually 60–90 days process.

6. Project Execution & Subsidy Application – installation + apply for MNRE subsidy.

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📊 Example: EMI Calculation for 1 MW Solar Loan

Suppose project cost = ₹5 crore

• Loan = ₹3.75 crore (75% financing)

• Interest Rate = 10%

• Tenure = 10 years

👉 EMI approx = ₹4.95 lakh per month

Par subsidy aur electricity sales ke baad project profitable ho jata hai.

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🙋 FAQs – Bank Loan for 1 MW Solar Power Plant in India

Q1. 1 MW solar power plant banane ke liye kitni land chahiye?
👉 Minimum 4–5 acres land required hai.

Q2. 1 MW solar power plant ka cost kitna hai India me?
👉 Approx ₹4–5 crore depending on location & technology.

Q3. Kaunse banks loan dete hain 1 MW solar power project ke liye?
👉 SBI, PNB, Canara Bank, IREDA, REC, Tata Capital, L&T Finance provide loans.

Q4. Subsidy kitni milti hai solar power plant ke liye?
👉 Up to 30% CFA + state subsidies + tax benefits.

Q5. 1 MW solar plant se income kitni hoti hai?
👉 Average annual revenue ₹1.5 – ₹1.7 crore (depending on tariff and PPA).

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🏁 Conclusion

Bank loan for 1 MW solar power plant in India ek long-term profitable investment hai jo environment aur business dono ke liye faydemand hai. Agar aap proper DPR banakar subsidy benefits ke saath apply karte ho to bank loan easily mil sakta hai.

👉 For official subsidy & guidelines, visit: MNRE India

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