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- 400 051.
Mumbai :
3rd Floor, A & B Wing,
C-24, "G" Block,
Bandra Kurla Complex,
Bandra (East)
Mumbai - 400 051.
022-2653 9333
Fax 022- 2653 0090
27 May 2011
scheme including relevant formats for your use. Hindi version follows.
2. Please acknowledge receipt.
Yours faithfully
(J.G. Menon)
Chief General Manager
Encl : As above
Page 1 of 21
1. The Secretary, Ministry of New and Renewable Energy, GoI, Block No.14, CGO
Complex, Lodi Road, New Delhi-110003
3. The Secretary, Planning Commission, Yojana Bhavan, Parliament Street, New Delhi.
4. The Joint Secretary (Credit and Marketing), Ministry of Agriculture and Rural
Development, Government of India, New Delhi.
7. The Chief General Manager, Rural Planning and Credit Department, Reserve Bank
of India, Central Office, Mumbai - 23.
12. The Chief General Manager, All Departments in Head Office, National Bank for
Agriculture and Rural Development, Mumbai.
(A P Sandilya)
General Manager
Page 2 of 21
4.2 The above subsidy pattern will be the same for all categories of borrowers
(SC/ST, women, small farmers, physically handicapped, etc.) irrespective of the
location of the unit.
4.3 Assistance under the scheme would be Capital Subsidy plus Refinance i.e
without any Either or Option.
5. Margin
The borrowers are required to bring in 20% of the total cost of the project as the
margin money.
6. Security
Banks may follow RBI guidelines in this regard.
7. Insurance
Borrowers should ensure that the units are insured and bank will ensure to obtain a
copy of the policy before releasing the final instalment.
8. Eligible Institutions
All Commercial Banks and Regional Rural Banks are eligible to avail capital subsidy.
These institutions are also eligible to avail refinance from NABARD subject to the
eligibility criteria for refinance as stipulated by NABARD from time to time.
9. Release of subsidy
9.1 The entrepreneurs/eligible organisations shall apply to the banks for sanction
of the project. The bank shall appraise the project as per their norms and if found
eligible, sanction the total outlay excluding the margin, as the bank loan. The
benchmark cost for SPV systems during 2011-12 will be Rs.300 per Wp. The Ministry
will continue to provide 30% subsidy and 50% loan of the benchmark cost to the
beneficiary through NABARD.
9.2 After sanction of the loan including subsidy, the bank shall approach NABARD
for capital subsidy to be released upfront in the specified format (Annexure IV).
On receipt of subsidy the same would be credited to the Subsidy Reserve Fund
Account of the borrower.
9.3 On receipt of subsidy from NABARD, the bank shall disburse the loan ensuring
that no interest is charged by them on the capital subsidy component.
9.4 Based on the field visit and after satisfactory installation of the unit, the bank
shall arrange to make payment directly to the supplier that would also include the
subsidy amount.
Page 4 of 21
Page 5 of 21
ANNEXURE I
Technical and Financial parameters of pre-approved Models to be financed
Model
Photovoltaic
modules/
panels (Wp)
Battery capacity
Maximum
recommended
load and duty
cycle
Indicative
cost (Rs.)
Max.
capital
subsidy
eligible
(Rs.)
Max loan
amount
(Rs.)
bearing
interest @
5%
10
12 V, 7 AH (SMF)
3000
900
1500
II
18-20
12 V, 20 AH
(Tubular
L.M./Gel VRLA)
10 watt load
for 4 hrs
(40 watt hrs/day)
5400 -6000
1620
2700-3000
III
37-40
12 V, 40 AH
(Tubular
L.M./Gel VRLA)
20 watt load
for 4 hrs
(80 watt hrs/day)
11100-12000
3330
5550-6000
IV
50
12 V, 60 AH
(Tubular
L.M./Gel VRLA)
30 watt load
for 4 hrs
(120
watt
hrs/day)
15000
4500
7500
74-80
12 V, 80 AH
(Tubular
L.M./Gel VRLA)
45 watt load
for 4 hrs
(180
watt
hrs/day)
22200- 24000
6660
1110012000
VI
100
12 V, 120 AH
(Tubular
L.M./Gel VRLA)
60 watt load
for 4 hrs
(240
watt
hrs/day)
30000
9000
15000
VII
125
12 V, 150 AH
(Tubular
L.M./Gel VRLA)
75 watt load
for 4 hrs
(300
watt
hrs/day)
37500
11250
18750
VIII
150-160
24 V,75/80 AH
(Tubular
L.M./Gel VRLA)
90 watt load
for 4 hrs
(360
watt
hrs/day)
45000-48000
13500
2250024000
IX
200-210
24 V, 100/120 AH
(Tubular
L.M./Gel VRLA)
60000-63000
18000
3000031500
1. The total cost, the maximum capital subsidy and the maximum eligible
quantum of subsidized loan have been worked out on the basis of the
benchmark cost of Rs. 300/- per Wp for 2011-12 prescribed by MNRE.
Page 6 of 21
2. In case the actual cost of the system is less than the indicative costs
mentioned above, the capital subsidy and loan eligibility will be calculated
@ 30% and 50% respectively of the actual cost.
3. For invoices with amounts higher than those prescribed ,the subsidy will be
limited as worked out according to the benchmark cost of Rs. 300
(maximum) per Wp for the year 2010-11 and the loan @ 5% will be limited to
50% of the benchmark cost. However the banks at their discretion, may
consider financing the remaining amount at their prevailing interest rate.
-------
Page 7 of 21
ANNEXURE II
Special Terms and Conditions
1. The models could be home lighting systems or inverter based systems capable of
handling general AC loads.
2. Manufacturers to provide Compact Fluorescent lamps (CFLs) of 9 W/11 W and
LED (Light Emitting Diode) for home lighting systems.
3. The battery will be lead-acid of flooded electrolyte type, positive tubular plate
or gel type Valve Regulated Led Acid and low maintenance.
4. Inverter should be of quasi sine wave/sine wave type.
5. PV module (s) shall contain crystalline silicon solar cells.
6. PV modules must be warranted for their output peak watt capacity, which
should not be less than 90% at the end of 10 years and 80% at the end of 25 years.
7. The balance of systems provided must be warranted against any manufacturing/
design/ installation defects for a minimum period of 5 years.
The manufacturer has to give an undertaking with the invoice (Annexure III) that
the system offered meets the Technical requirements/ standards contained in
ANNEXURE-3 of the MNRE guidelines Ref. 5/23/2009 P&C Dated: 16.6.2010 on off
grid SPV power plant systems under National Solar Mission.
---
Page 8 of 21
ANNEXURE III
(On the letterhead of the Agency/ System provider)
PROFORMA FOR DECLARATION BY THE AGENCY SUPPLYING THE OFF-GRID SOLAR
APPLICATION SYSTEM
It is certified that I/we have read the guidelines issued by the Ministry vide
5/23/2009/P&C dated 16th June, 2010 and the related provisions/terms and
conditions for availing financial support from the Ministry of New and Renewable
Energy and I/we agree to abide by these guidelines and related terms and
conditions.
I/we confirm that the proposed solar PV system(s) for which subsidy/ subsided loan
is being claimed have not been installed/supplied earlier .
A detailed site survey has been done/or will be undertaken to identify the
beneficiary before actual supply and installation takes place.
This is to certify that the various components of the SPV systems will conform to
the Relevant Standards, as mentioned in the Guidelines for Off-grid and
Decentralized Solar Applications for SPV modules and components under JNNSM.
Copies of the Relevant IEC/ BIS Certificates are enclosed.
We have complied with the terms and conditions stipulated by the financing bank /
NABARD / MNRE under the scheme. We agree to furnish additional information, if
any, required by the bank, NABARD / MNRE as and when requested.
Signature _____________
Name & Designation
of Authorized Signatory
Page 9 of 21
ANNEXURE IV
SUBSIDY CLAIM FORMAT FOR CAPITAL SUBSIDY
UNDER THE CAPITAL SUBSIDY-CUM-REFINANCE SCHEME FOR INSTALLATION OF SOLAR
OFF-GRID (PHOTO-VOLTAIC) & DECENTRALISED APPLICATIONS UNDER THE
JAWAHARLAL NEHRU NATIONAL SOLAR MISSION
For use by NABARD RO
Date of Receipt .
Signature ..
To
Regional Office, NABARD,...................................
1.Name & address of financing bank :
Male
Female
General
SC
ST
OBC
or their cooperative, if yes, specify
Minority community
7.Model being Installed (indicate the pre approved model No.I to IX) :
8.Date of receipt of proposal/application :
9. Loan details
a) Amount of loan sanctioned (`) :
b) Date of sanction of loan :
c) Repayment period :
d) Instalments for repayment :
10.Means of finance
As proposed by
Borrower (`)
Promoters contribution
Bank loan
Subsidy
Total:
Page 10 of 21
As appraised
by bank (`)
11. The project has been appraised and found to be technically feasible and financially
viable.
12. All the terms and conditions stipulated under the scheme are satisfied in case of the
loan for which capital subsidy is claimed with this application and that the capital subsidy
claimed are within the monetary limits prescribed under the scheme.
13. We have not applied earlier for capital subsidy covered by this claim/application from
NABARD or any other institution.
14. We agree to promptly avail of refinance from NABARD as per the provisions of the
scheme under ARF in the prescribed proforma, on disbursement of the term loan at an
interest rate of 5% p.a.
15. We agree to release the subsidy amount on receipt of the same from NABARD, to the
supplier directly, only after a spot visit and finding that the installation is functioning
satisfactorily.
16. We have obtained manufacturers undertaking with the invoice that the system
offered meets the Technical requirements/ standards contained in Annexure-3 of the
MNRE guidelines (Ref.: 5/23/2009 P&C, dated: 16.06.2010) on off grid SPV power plant
systems under National Solar Mission.
17. The loan being extended has a minimum lock in period of 3 years from the date of
disbursement of the first installment of the loan.
18.
We agree to refund the capital subsidy to NABARD, if the installation is not
complete / if the subsidy is found misutilized.
19.
Place :
Date:
-----------
Page 11 of 21
ANNEXURE V
REFINANCE ARF FORMAT
DRAWAL APPLICATION FOR RELEASE OF REFINANCE UNDER CAPITAL SUBSIDY CUM
Date:
_______________________
Dear Sir
Page 12 of 21
vii. NABARD shall have the right to inspect books and loan accounts covered under this
application and /or call for copies of the related memoranda/ sanction notes/ any other
relevant information in this behalf.
viii. Loans granted under DRI scheme have been excluded.
ix. All the units financed under the scheme in respect of which refinance is claimed are
eligible under Jawaharlal Nehru National Solar Mission scheme of Government of India for
refinance.
x. Refinance has been claimed at 2% only for the bank loan upto the specified amount.
The rate of interest charged to the beneficiaries in respect of the loan for which refinance
has been claimed is 5%.
xi. We certify that capital subsidy in respect of the units for which refinance is claimed
has already been released.
3. We further certify that the amount of refinance already availed by us and outstanding
as on date together with the proposed availment would be within the borrowing limit of
our Bank.
4. We also certify that the rate of interest charged on the loan amount conform to the
rates stipulated by NABARD under the captioned scheme.
5. We agree that if on verification of our records and of our constituents, NABARD comes
to the conclusion that the accounts against which the disbursement of capital subsidy/
loan does not conform the guidelines laid down by MNRE from time to time, NABARD will
have the right to recall the entire capital subsidy/ refinance disbursed in respect of such
accounts.
For and on behalf of the financing Bank
Signature of the authorized officer with designation and Banks seal.
Enclosure :
Date :
Place :
CONTD../-
Page 13 of 21
ANNEXURE V (Contd..)
Repayment Schedule
Amount (`)
01 July to 31
December ..
31 January ..
01 January . To
30 June
31 July
01 July to 31
December ..
31 January ..
01 January . To
30 June
31 July
01 July to 31
December ..
31 January ..
01 January . To
30 June
31 July
01 July to 31
December ..
31 January ..
01 January . To
30 June
31 July
01 July to 31
December ..
31 January ..
01 January . To
30 June
31 July
--------
Page 14 of 21
Amount (`)
Appendix to Drawal Application (Annexure-V) for Refinance under Solar Off-grid (PV) and
decentralised applications under ARF
(To be submitted in Duplicate )
Name and address of the Bank :
Details of Refinance applied for the month :
Project
Code*
Claim
No**
(Amount in ``.)
Off-grid preTotal Cost Bank Loan Bank Refinance For NABARD's
approved
Actuals or as sanctioned loan
Claimed
use
Model No.
per the ceiling (Net of released
Refinance
whichever is
Capital
recommended
less
subsidy)
3
4
5
6
7
8
I
II
III
IV
V
VI
VII
VIII
IX
Date :
Place :
Bank's seal
---
Page 15 of 21
ANNEXURE VI
Format for Utilization Certificate - Capital Subsidy
(FOR THE USE OF FINANCING BANK TO BE SUBMITTED TO THE REGIONAL OFFICE OF NABARD)
CAPITAL SUBSIDY CUM REFINANCE SCHEME FOR INSTALLATION OF SOLAR OFF-GRID &
DECENTRALISED APPLICATIONS UNDER JAWAHARLAL NEHRU NATIONAL SOLAR MISSION
Amount
(`.)
Place :
Date :
(______________________)
Seal & Signature of the
Branch Manager (Financing bank)
------
Page 16 of 21
ANNEXURE VII
State Nodal Agencies : Address
ANDHRA PRADESH
Vice Chairman & Managing Director
Non-Conventional Energy Development Corporation of Andhra Pradesh (NEDCAP) Ltd.
5-8-207/2 Pisgah Complex, Nampally, Hyderabad 500 001.
Tel: 040-23201172 (O), Fax: 040-23201666, Email : nedcap@ap.nic.in
ARUNACHAL PRADESH
Director
Arunachal Pradesh Energy Development Agency
Urja Bhawan Tadar Tang Marg, Post Box No. 141, Itanagar-791111
Tel: 0360-211160 / 216937 (O), Fax: 0360-214426 http://www.apedagency.com
ASSAM
Director
Assam Energy Development Agency (under Science and Technology Deptt. Govt. of Assam)
Bigyan Bhawan, Near IDBI Building, G S Road, Guwahati-781005
Tele:0361-2464619, 2464621, Fax No.0361-2464617, E mail aeda@india. Com
Http://www.assamrenewable.org
BIHAR
Director
Bihar Renewable Energy Development Agency
1st Floor, Sone Bhawan, Virchand Patel Marg, Patna 800 001.
Tel: 0612-2233572, 2220493 (R); Fax: 0612-2228734, Email : dir_breda@sancharnet.in
CHHATTISGARH
Principal Secretary Energy and Chief Executive Officer
Chhattisgarh State Renewable Energy Development Agency (CREDA)
Mantralaya, DKS Bhawan, Raipur (Chhattisgarh)
Tel : 0771-2221308, 5080308 (F) 2221163, E-mail; vivekdhand@cg.nic.in
http://www.credacg.com
Director
Chhattisgarh State Renewable Energy Development Agency
MIG/A-20/1 Sector 1, Shankar Nagar, Raipur
Tel:0771-2426446; 5022050 (R); 5066770 (Fax)
Email : creda@epatra.com / credacg@rediffmail.com / credacg@yahoomail.com
GOA
Member Secretary
Goa Energy Development Agency
DST&E Building, 1st Floor, Saligo Plateau, Opp. Seminary, Saligao, Bardez, Goa 403511
Tel. 271194
Page 17 of 21
GUJARAT
Director
Gujarat Energy Development Agency (GEDA)
4th Floor, Block No.11 & 12, Udyog bhawan,Sector-11, Gandhi Nagar-382017, Gujarat
TeleL079)-23247086/89;
Fax:
23247090,
E.mail:
info@geda.org.in,
http://www.geda.org.in
HARYANA
Director,
Haryana Renewal Energy Development Agency (HAREDA)
SCO 48, Sector 26, Chandigarh 160 019
Tel: 0172- 2791917 ,2790918, 2790911(O), 2794185 (R), Fax: 0172-2790928
Email : hareda@chd.nic.in , http://www.hareda.gov.in
HIMACHAL PRADESH
Chief Executive,
HIMURJA, SDA Complex, Kasumpti, Shimla-171009.
Tele:0177-,2620365 (O) 2620371 (R) Fax: 0177-2620365
E Mail: himurja@hp.nic.in ; http://himurja.nic.in
JAMMU AND KASHMIR
Chief Executive Officer,
Jammu & Kashmir Energy Development Agency (JAKEDA)
12 BC Road, Rehari, Jammu.
Tele:0191 - 2546495, 2552725(R), 2546495 (Fax)
Dharrilla, Raj Bagh, Srinagar, Tele Fax: 0194-2479791
JHARKHAND
Director
Jharkhand Renewable Energy Development Agency
328 B, Road No.4, Ashok Nagar, Ranchi 834 002.
Tel: 0651-2246970 Fax 0651-2240665, Email : info@jreda.com ; http://www.jreda.com
KARNATAKA
Managing Director
Karnataka Renewable Energy Development Agency Ltd.
1 9, Maj. Gen. A. D. Loganadan, INA Cross, Queen's Road, Bangalore- 560 052
Tele:080-22282220(O), 23365590 (R), Fax-080-22257399,
Email : drbsmdkredl@yahoo.com ; http://kredl.kar.nic.in
KERALA
Director
Agency for Non-Conventional Energy and Rural Technology (ANERT),
PATTOM P.O., PB No.1094, KESAVADASAPURAM, Thiruvananthapuram-695 004.
Telefax:0471-2440121; 2440122, 2440124 (Fax) 2449854
Email : anert@vsnl.com; http://education.vsnl.com
Page 18 of 21
MADHYA PRADESH
Managing Director,
MP Urja Vikas Nigam Ltd.,
Urja Bhawan, Main Road NO.2, Shivaji Nagar, Bhopal 462016
Tele: 0755-2556245; 2553595 Fax: 0755-2556245, Email : mpuvn@sancharnet.in;
http://www.mprenewable.org
MAHARASHTRA
Director General
Maharashtra Energy Development Agency (MEDA)
S.No. 191/A, Phase1, 2nd Floor, MHADA Commercial Complex, Opp. Tridal Nagar,
Yerawada, Pune 411 006., Tel: 020-26614393, 26614403, 26615322 Fax: 020-26615032
Email : meda@vsnl.com / mahaurjamumbai@yahoo.com dg.meda@nic.in
Http://www.mahaurja.com
MANIPUR
Director
Manipur Renewable Energy Development Agency (MANIREDA)
Department of Science, Technology
Sai Road, Takyelpat, Imphal-795001, Tel: 0385-2222685; FAX: 91-385-224930
Email : mlou_singh@yahoo.com
MEGHALAYA
Director
Meghalaya Non-conventional & Rural Energy Development Agency
Lower Lachaumiere, Opp. P&T Dispensary, Near BSF Camp (Mawpat), Shillong 793 001
Telefax: 0364-537343 ; http://mnreda.gov.in
MIZORAM
Director
Zoram Energy Development Agency (ZEDA)
Zuangtui, P.O. Zemabawk, Aizawl, Mizoram 796017
Tel: 0389-2350664; 2350664, 2350665, Fax: 2350664 / 2350664,
Email : zedaizawi@hotmail.com
NAGALAND
Project Director
Nagaland Renewable Energy Development Agency (NREDA)
NRSE Cell Rural Development Department, Nagaland Secretariat, Kohima, Nagaland
Telefax 0370-241408
ORISSA
Chief Executive Officer,
Orissa Renewable Energy Development Agency
S-59, Mancheswar Industrial Estate, Bhubaneswar 751 010
Tel: 0674-2580660 (O), Fax :2586368 ; http://www.oredaorissa.com
Page 19 of 21
PUNJAB
Chief Executive
Punjab Energy Development Agency
SCO 134-136, Sector 34-A, Chandigarh 160 036
Tel: 0172-2663392; EPBX 2663328/2663382, Fax: 0172-2646384
Email : peda@glide.net.in / mpsingh66@yahoo.com, peda_spa@yahoo.co.in
Director
Punjab Energy Development Agency
SCO 134-136, Sector 34-A
Chandigarh 160 036
Tel: 0172-663392; EPBX 663328/663382, Fax: 0172-2646384
Email : peda@glide.net.in
RAJASTHAN
Chairman & Managing Director,
Rajasthan Renewable Energy Corporation Limited
E-166, Yudhister Marg, C Scheme, Jaipur 302 001
Tel: 0141-2225898 / 2228198 (O), Fax: 0141-2226028
Email : rrec_jai@yahoo.co.in / gsomanl@datainfosys.net; http://www.rajenergy.com
SIKKIM
Director
Sikkim Renewable Energy Development Agency, Government of Sikkim
D.P.H. Road (Near Janta Bhawan), Gangtok 737 101,
Tel: 03592- 22659, Fax: 03592-22245
Email : slg_sreda@sancharnet.in
TAMIL NADU
Chairman & Managing Director
Tamil Nadu Energy Development Agency (TEDA)
EVK Sampath Building, Chennai 600 006
Tel: 044-28224832 Fax: 044-28236592
Email : teda@md4.vsnl.net.in
TRIPURA
Chief Executive Officer
Tripura Renewable Energy Development Agency
Vigyan Bhawan, 2nd Floor, Pandit Nehru Complex, West Tripura , Agartala 799 006
Tel: 0381-2225900, 232-6139 (O), Fax. 0381-225900
Email : tredaagt@yahoo.co.in
UTTAR PRADESH
Chairman and Director
Non-conventional Energy Development Agency (NEDA), U.P.
Vibhuti Khand, Gomti Nagar, Lucknow 226 010
Tel: 0522-2720652 (O); Fax: 0522-2720779, 2720829
Email : nedaup@dataone.in ; http://neda.up.nic.in
Page 20 of 21
UTTRAKHAND
Director
Uttrakhand Renewable Energy (UREDA) Development Agency
Energy Park Campus, Industrial Area, Patel Nagar, Dehradun-248001
Tele :0135-2710560 ; Fax No. 0135-2521553
Email : aruntygi@yahoo.com ; http://www.uttara.in/ureda/intro.html
WEST BENGAL
Director
West Bengal Renewable Energy Development Agency
Bikalpa Shakti Bhawan, Plot- J-1/10, EP & GP Block,Salt Lake, Electronice Complex,
Sector- V, Kolkatta- 700091, Tel.033-23575038, 23575348 (O),Fax 23575037, 23575347
Email : wbreda@cal.vsnl.net.in ; http://www.wbreda.org
ANDAMAN & NICOBAR ISLANDS
Executive Engineer (NRSE)
Electricity Department,
Office of the Executive Engineer, NRSE Division, Prothrapur, Port Blair 744 105
Tel. 03192-250577, Fax. 03192-250930
CHANDIGARH
Director (Science & Technology), Chandigarh Administration
Additional Town Hall Building, 2nd Floor, Sector-17 C, Chandigarh
Tele: 0172-2745502 (O); 2726698 (Fax)
DADRA & NAGAR HAVELI
Development and Planning Officer
Administration of Dadra & Nagar Haveli, Silvassa, Tel. 0260-642070
LAKSHADWEEP
Executive Engineer
Electricity Department, Lakshadweep Administration, Kavaratti 682555
Tel. 04896-262363, Fax. 262936
PONDICHERRY
Project Director (IREP)
Renewable Energy Agency of Ponicherry
No.10, Second Main Road, Elango Nagar, Pondicherry 11.
Tel. 0413-2244219 (O), Fax. 0413-333601
LADDAKH
Chairman & Chief Executive Councillor,
Ladakh Autonomous Hill Development Council (LAHDC)
LEH, Ladakh (J & K State) 194 101
For list of manufacturers please visit MNRE website http://mnre.gov.in/list/listmanufacturers-refinancing-jnnsm.pdf.
Page 21 of 21