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SBI sanctions credit facilities worth Rs 2,317 crore for rooftop solar projects

State Bank of India (SBI), the country's largest commercial bank, announced today the sanction of credit facilities amounting to Rs 2,317 crore with aggregate capacity of 575 MW to corporates towards financing Grid Connected Rooftop Solar projects under the SBI - World Bank (WB) Programme.

In a conference organised by SBI on Grid Connected Rooftop Solar projects for large corporates of the Bank, the sanction letters were handed over to JSW Energy, Hinduja Renewables, Tata Renewable Energy, Adani Group, Azure Power, Cleantech Solar and Hero Solar Energy by Mr. Rajnish Kumar, Chairman SBI in the presence of top management of SBI and officials from the World Bank.

SBI has availed a line of credit of USD 625 million from World Bank for on-lending to viable Grid Connected Rooftop Solar projects.