World Bank Offers $100 Million Credit Guarantee for Rooftop Solar Power in India
The World Bank has offered a new assistance package for the development of rooftop solar power projects in India.
According to media reports, the World Bank will offer $648 million in funding assistance for the installation of rooftop solar power projects in the small and medium scale company segment. This package includes a credit guarantee scheme worth $100 million. The assistance will be delivered through the State Bank of India, the country’s largest commercial bank.
Photo courtesy of Marufish.