Installation of Solar
Content
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NATIONAL BANK FOR AGRICULTURE
AND RURAL DEVELOPMENT
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
ãä¶ãÌãñÍã ¨ãÉ¥ã ãäÌã¼ããØã INVESTMENT CREDIT DEPT.
Email:[email protected]
__________________________________________________________________________________________________
Ref. No.ICD/GSS/560/JNNSM-4/2011-12
27 May 2011
Circular No. 110 /ICD-GSS/2011
Chairman/Managing Director
All Scheduled Commercial Banks
All Regional Rural Banks
Dear Sir
Capital Subsidy-cum-Refinance Scheme for Installation of
Solar Off Grid and Decentralised application under Jawaharlal
Nehru National Solar Mission (JNNSM) of the Ministry of New and
Renewable Energy, GoI
Please refer to our circular No.199/DPD-NFS/04/2010 dated 1 November 2010 on the
captioned subject.
We forward herewith the operational guidelines pertaining to the
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
Endt. No.NB.ICD.GSS/561/JNNSM-4/2011-12, of date
Copy forwarded for information and necessary action to :
1. The Secretary, Ministry of New and Renewable Energy, GoI, Block No.14, CGO
Complex, Lodi Road, New Delhi-110003
2. The Secretary, Government of India, Ministry of Finance, Department of Economic
Affairs, Banking Division, New Delhi.
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.
5. The Director (Credit), Department of Agriculture and Co-operation, Ministry of
Agriculture and Rural Development, Government of India, New Delhi.
6. The Director (Small Farmers), Ministry of Agriculture and Rural Development,
Department of Agriculture and Co-operation, Government of India, New Delhi.
7. The Chief General Manager, Rural Planning and Credit Department, Reserve Bank
of India, Central Office, Mumbai - 23.
8. The Chief General Manager/General Manager/Officer-in-Charge, National Bank for
Agriculture and Rural Development, all Regional Offices and Sub-office. A copy of
the circular may be made available to each of the District Development Managers.
a. The Principal, National Bank Training Centre, Lucknow / NABARD Staff
College, Lucknow / Regional Training Centre, Bolpur / Regional Training
Centre, Mangalore / Zonal Training Centre, Hyderabad.
b. The Director, Bankers Institute for Rural Development, Lucknow.
c. The Principal, CAB, Ganeshkhind Road, Pune - 411016.
9. The Principal Private Secretary to the Chairman, NABARD, HO, Mumbai.
10. The Private Secretary to Managing Director, NABARD, HO, Mumbai.
11. The Private Secretary to All Executive Directors, NABARD, HO, Mumbai / New
Delhi.
12. The Chief General Manager, All Departments in Head Office, National Bank for
Agriculture and Rural Development, Mumbai.
13. All sections of ICD, HO, Mumbai.
(A P Sandilya)
General Manager
Page 2 of 21
OPERATIONAL GUIDELINES FOR BANKS
GUIDELINES FOR CAPITAL SUBSIDY CUM REFINANCE SCHEME FOR INSTALLATION OF
SOLAR OFF-GRID & DECENTRALISED APPLICATIONS UNDER JAWAHARLAL NEHRU
NATIONAL SOLAR MISSION
1. Implementation Period
The scheme will be co-terminus with phase-I (initially upto March 2013) of the
Jawaharlal Nehru National Solar Mission and will cover projects specifically
approved by MNRE. In other words, schemes sanctioned by banks on or after 1
November 2010 and up to 31 March 2013 are eligible for assistance under the
scheme by way of Capital Subsidy and subsidized interest on term loan.
2. Unit Cost
2.1 Models to be eligible for funding support under the scheme will need prior
approval of MNRE. The model approved by MNRE are indicated in Annexure I. The
financing banks can finance units conforming the conditions/stipulations laid down
in the model projects and more specifically under the Special Terms and
Conditions and declaration (Annexure II & III) without seeking prior approval from
MNRE.
2.2 In case units are financed with cost over and above the approved unit cost,
capital subsidy and bank loan carrying reduced interest will be limited to the
maximum capital subsidy ceiling and maximum bank loan ceiling as indicated in
these models. In such cases, the additional cost would have to be borne by the
beneficiary. If the entity/or beneficiary of the scheme is able to access funds from
other source to cover full or part of the gap between the project amount and
available funds, then he will be free to do so. However, in cases where the actual
cost is less than the indicative cost of the approved models, the eligible capital
subsidy and bank loan will be on the basis of actual cost of the project. Purchase
of systems manufactured by companies not listed by MNRE will require prior
approval by MNRE.
3. Location of the unit
The unit could be located both in urban and rural areas.
4. Pattern of Assistance
4.1 The pattern of assistance will be as under:
Margin - 20%
Subsidy - 30%
Bank Loan - 50%
100% refinance will be provided for the bank loan by NABARD at 2% rate of interest
per annum.
Page 3 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
10. Interest Rate and Lock in period of Bank Loan
The loans extended by the banks would carry an interest rate of 5% per annum and
would be extended with a repayment period not exceeding 5 years. The loan
repayment period would have a minimum lock in period of 3 years from the date of
disbursement of the first installment of the loan. No interest will, however, be
charged by the financing banks on the capital subsidy component.
11. Misutilization of subsidy and loan
In case the unit is found to be incomplete or the subsidy is misutilised, Bank will
arrange to recall the subsidy and loan amount and refund to NABARD as soon as it
is recovered.
12. Release of refinance
12.1 The banks would be eligible to draw 100% of the loan outstanding (excluding
the capital subsidy) as refinance from NABARD on an automatic basis subject to
compliance with the usual terms and conditions governing release of refinance
from NABARD.
12.2 The refinance claims under the schemes are to be preferred in the drawal
application formats as per Annexure V. The financing banks may prefer refinance
claims on a monthly basis.
13. Repayment of refinance
The refinance availed as per the eligibility by the banks will be repayable in
suitable installments not exceeding 5 years. The banks may fix the repayment
schedule of the loan having regard to the household cash flow of the borrowers so
as to ensure full repayment of the loan along with interest thereon within 5 years.
14. Utilisation Certificate
Banks have to submit the utilization certificates for capital subsidy in the specified
format indicated in Annexure VI.
15. Monitoring
A State Level Monitoring Committee will be constituted by NABARD for smooth
implementation of the scheme. Apart from NABARD and officials from the nodal
agency of MNRE (Annexure-VII), the Committee will also include officials from the
controlling offices of the major Commercial Banks, Chairmen of participating RRBs
and SLBC convenor. NABARD Regional Office would convene the meeting under the
chairmanship of Officer in charge. The committee will meet at least once in a
quarter. The Committee besides other issues would also look in to issues like
actual cost to the end user and strategy for coverage of the most needy and poor.
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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%
I
10
12 V, 7 AH (SMF)
5-7 watt load
for 3 to 4 hrs
(20 watt hrs/day)
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
V
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)
120 watt load
for 4 hrs
(480
watt
hrs/day)
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.
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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.
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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
Address of the Agency/System provider
Seal
Place:
Date:
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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 :
2. Name & address of project including Tehsil/Taluka/District :
3.Name and address of promoter :
4. Type of Promoter (Tick Mark):
i.
Individual or
ii.
Group :
5. Gender (Tick Mark) :
i.
ii.
6. Category (Tick Mark) :
i.
ii.
iii.
iv.
v.
vi.
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 manufacturer’s 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.
The subsidy amount of `. …...... may be released to our Bank.
(___________________)
Seal and signature of the Authorized
Signatory of Bank
Place :
Date:
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Page 11 of 21
ANNEXURE V
REFINANCE ARF – FORMAT
DRAWAL APPLICATION FOR RELEASE OF REFINANCE UNDER CAPITAL SUBSIDY CUM
REFINANCE SCHEME FOR INSTALLATION OF SOLAR OFF-GRID & DECENTRALISED
APPLICATIONS UNDER JAWAHARLAL NEHRU NATIONAL SOLAR MISSION UNDER
AUTOMATIC REFINANCE FACILITY (ARF)
Ref. No.
Date:
From (Name and Address of the Financing Bank)
To
The Chief General Manager/ OIC
NABARD Regional Office,
For use by NABARD RO
Date of Receipt …………….
Signature …………..
_______________________
Dear Sir
Application for Sanction/ Release of Refinance under Capital Subsidy cum
Refinance Scheme for installation of Solar Off-Grid (Photo-voltaic) &
Decentralised Applications under Jawaharlal Nehru National Solar Mission of
Government of India
We hereby apply for sanction and release of refinance aggregating to ` ……………… (Rupees
…………………only) in respect of financial assistance sanctioned and disbursed by us to our
constituents, the particulars in respect of which are furnished in the Annexure. We agree
to repay the refinance availed of by our Bank as per the repayment schedule appended to
this drawal application. We also agree that the repayment schedule(s), if revised and
communicated by NABARD, in respect of refinance claimed in this application will be
scrupulously followed by us.
2. We certify that:
i. The individual loan proposal conforms to the policy, procedures and guidelines laid
down by NABARD under the captioned scheme from time to time.
ii. The proposals have been appraised by us/ our branches and are found to conform to the
technical and financial parameters laid down under the captioned scheme guidelines of
NABARD/MNRE.
iii. We have not applied earlier for capital subsidy/ refinance covered by this drawal
application from NABARD or any other institution
iv. The refinance amount claimed is exclusive of the recoveries/ capital subsidy/margin
money received or receivable.
v. We have obtained consent letters from our constituents to the effect that they have no
objection in furnishing to NABARD all such information as may be required from time to
time.
vi. MNRE /NABARD will have the right to seek any information as they may require from
time to time and also for inspection of the unit.
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 Bank’s seal.
Enclosure :
Date :
Place :
CONTD../-
Page 13 of 21
ANNEXURE V (Contd..)
Repayment Schedule
From Borrower to Bank
(Repayment received during)
Date
Amount (`)
From bank to NABARD
(Repayable as on)
Date
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 ……
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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**
1
2
(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
* Indicate the code allotted by NABARD, RO while releasing capital subsidy
** Claim No. allotted by NABARD, HO for capital subsidy
Date :
Signature of the Bank Official
Place :
Bank's seal
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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
1. Name, address of the beneficiary and location of the project :
2. Name of the financing bank :
3. Name & address of the financing branch:
4. Date of sanction of loan by bank :
5. Date of field monitoring of the unit by the bank
6. Date of completion of the unit :
7.
(i) Total financial outlay (`).
(ii) Margin Money (`).
(iii) Bank loan (`).
(iv) Subsidy received
Date of receipt
from NABARD
Amount
(`.)
Date of release of subsidy to
the supplier
8. Brief description of facilities created.
9. Date of interest charged by the financial bank : % p.a.
10. The bank has / has not availed refinance from NABARD
11. This is to certify that the full amount of capital subsidy and Bank loan in respect of which
capital subsidy has been received has been fully utilized as per the terms and conditions of
the project/MNRE/NABARD and as per the guidelines of the scheme.
Place :
Date :
(______________________)
Seal & Signature of the
Branch Manager (Financing bank)
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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 : [email protected]
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 : [email protected]
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; [email protected]
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 : [email protected] / [email protected] / [email protected]
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:
[email protected],
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 : [email protected] , 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: [email protected] ; 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 : [email protected] ; 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 : [email protected] ; 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 : [email protected]; 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 : [email protected];
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 : [email protected] / [email protected] [email protected]
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 : [email protected]
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 : [email protected]
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 : [email protected] / [email protected], [email protected]
Director
Punjab Energy Development Agency
SCO 134-136, Sector 34-A
Chandigarh – 160 036
Tel: 0172-663392; EPBX 663328/663382, Fax: 0172-2646384
Email : [email protected]
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 : [email protected] / [email protected]; 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 : [email protected]
TAMIL NADU
Chairman & Managing Director
Tamil Nadu Energy Development Agency (TEDA)
EVK Sampath Building, Chennai – 600 006
Tel: 044-28224832 Fax: 044-28236592
Email : [email protected]
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 : [email protected]
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 : [email protected] ; 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 : [email protected] ; 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 : [email protected] ; 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
½ãìâºãƒÃ :
3 Àãè ½ãâ•ããèÊã, † ‚ããõÀ ºããè ãäÌãâØã ,
Ôããè-24,''•ããè'' ºÊãã‡ãŠ,
ºããâªÀã ‡ãìŠÊããà Ôãâ‡ãìŠÊã,
ºããâªÀã (¹ãìÌãÃ)
½ãìâºãƒÃ - 400 051.
NATIONAL BANK FOR AGRICULTURE
AND RURAL DEVELOPMENT
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
ãä¶ãÌãñÍã ¨ãÉ¥ã ãäÌã¼ããØã INVESTMENT CREDIT DEPT.
Email:[email protected]
__________________________________________________________________________________________________
Ref. No.ICD/GSS/560/JNNSM-4/2011-12
27 May 2011
Circular No. 110 /ICD-GSS/2011
Chairman/Managing Director
All Scheduled Commercial Banks
All Regional Rural Banks
Dear Sir
Capital Subsidy-cum-Refinance Scheme for Installation of
Solar Off Grid and Decentralised application under Jawaharlal
Nehru National Solar Mission (JNNSM) of the Ministry of New and
Renewable Energy, GoI
Please refer to our circular No.199/DPD-NFS/04/2010 dated 1 November 2010 on the
captioned subject.
We forward herewith the operational guidelines pertaining to the
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
Endt. No.NB.ICD.GSS/561/JNNSM-4/2011-12, of date
Copy forwarded for information and necessary action to :
1. The Secretary, Ministry of New and Renewable Energy, GoI, Block No.14, CGO
Complex, Lodi Road, New Delhi-110003
2. The Secretary, Government of India, Ministry of Finance, Department of Economic
Affairs, Banking Division, New Delhi.
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.
5. The Director (Credit), Department of Agriculture and Co-operation, Ministry of
Agriculture and Rural Development, Government of India, New Delhi.
6. The Director (Small Farmers), Ministry of Agriculture and Rural Development,
Department of Agriculture and Co-operation, Government of India, New Delhi.
7. The Chief General Manager, Rural Planning and Credit Department, Reserve Bank
of India, Central Office, Mumbai - 23.
8. The Chief General Manager/General Manager/Officer-in-Charge, National Bank for
Agriculture and Rural Development, all Regional Offices and Sub-office. A copy of
the circular may be made available to each of the District Development Managers.
a. The Principal, National Bank Training Centre, Lucknow / NABARD Staff
College, Lucknow / Regional Training Centre, Bolpur / Regional Training
Centre, Mangalore / Zonal Training Centre, Hyderabad.
b. The Director, Bankers Institute for Rural Development, Lucknow.
c. The Principal, CAB, Ganeshkhind Road, Pune - 411016.
9. The Principal Private Secretary to the Chairman, NABARD, HO, Mumbai.
10. The Private Secretary to Managing Director, NABARD, HO, Mumbai.
11. The Private Secretary to All Executive Directors, NABARD, HO, Mumbai / New
Delhi.
12. The Chief General Manager, All Departments in Head Office, National Bank for
Agriculture and Rural Development, Mumbai.
13. All sections of ICD, HO, Mumbai.
(A P Sandilya)
General Manager
Page 2 of 21
OPERATIONAL GUIDELINES FOR BANKS
GUIDELINES FOR CAPITAL SUBSIDY CUM REFINANCE SCHEME FOR INSTALLATION OF
SOLAR OFF-GRID & DECENTRALISED APPLICATIONS UNDER JAWAHARLAL NEHRU
NATIONAL SOLAR MISSION
1. Implementation Period
The scheme will be co-terminus with phase-I (initially upto March 2013) of the
Jawaharlal Nehru National Solar Mission and will cover projects specifically
approved by MNRE. In other words, schemes sanctioned by banks on or after 1
November 2010 and up to 31 March 2013 are eligible for assistance under the
scheme by way of Capital Subsidy and subsidized interest on term loan.
2. Unit Cost
2.1 Models to be eligible for funding support under the scheme will need prior
approval of MNRE. The model approved by MNRE are indicated in Annexure I. The
financing banks can finance units conforming the conditions/stipulations laid down
in the model projects and more specifically under the Special Terms and
Conditions and declaration (Annexure II & III) without seeking prior approval from
MNRE.
2.2 In case units are financed with cost over and above the approved unit cost,
capital subsidy and bank loan carrying reduced interest will be limited to the
maximum capital subsidy ceiling and maximum bank loan ceiling as indicated in
these models. In such cases, the additional cost would have to be borne by the
beneficiary. If the entity/or beneficiary of the scheme is able to access funds from
other source to cover full or part of the gap between the project amount and
available funds, then he will be free to do so. However, in cases where the actual
cost is less than the indicative cost of the approved models, the eligible capital
subsidy and bank loan will be on the basis of actual cost of the project. Purchase
of systems manufactured by companies not listed by MNRE will require prior
approval by MNRE.
3. Location of the unit
The unit could be located both in urban and rural areas.
4. Pattern of Assistance
4.1 The pattern of assistance will be as under:
Margin - 20%
Subsidy - 30%
Bank Loan - 50%
100% refinance will be provided for the bank loan by NABARD at 2% rate of interest
per annum.
Page 3 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
10. Interest Rate and Lock in period of Bank Loan
The loans extended by the banks would carry an interest rate of 5% per annum and
would be extended with a repayment period not exceeding 5 years. The loan
repayment period would have a minimum lock in period of 3 years from the date of
disbursement of the first installment of the loan. No interest will, however, be
charged by the financing banks on the capital subsidy component.
11. Misutilization of subsidy and loan
In case the unit is found to be incomplete or the subsidy is misutilised, Bank will
arrange to recall the subsidy and loan amount and refund to NABARD as soon as it
is recovered.
12. Release of refinance
12.1 The banks would be eligible to draw 100% of the loan outstanding (excluding
the capital subsidy) as refinance from NABARD on an automatic basis subject to
compliance with the usual terms and conditions governing release of refinance
from NABARD.
12.2 The refinance claims under the schemes are to be preferred in the drawal
application formats as per Annexure V. The financing banks may prefer refinance
claims on a monthly basis.
13. Repayment of refinance
The refinance availed as per the eligibility by the banks will be repayable in
suitable installments not exceeding 5 years. The banks may fix the repayment
schedule of the loan having regard to the household cash flow of the borrowers so
as to ensure full repayment of the loan along with interest thereon within 5 years.
14. Utilisation Certificate
Banks have to submit the utilization certificates for capital subsidy in the specified
format indicated in Annexure VI.
15. Monitoring
A State Level Monitoring Committee will be constituted by NABARD for smooth
implementation of the scheme. Apart from NABARD and officials from the nodal
agency of MNRE (Annexure-VII), the Committee will also include officials from the
controlling offices of the major Commercial Banks, Chairmen of participating RRBs
and SLBC convenor. NABARD Regional Office would convene the meeting under the
chairmanship of Officer in charge. The committee will meet at least once in a
quarter. The Committee besides other issues would also look in to issues like
actual cost to the end user and strategy for coverage of the most needy and poor.
------
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%
I
10
12 V, 7 AH (SMF)
5-7 watt load
for 3 to 4 hrs
(20 watt hrs/day)
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
V
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)
120 watt load
for 4 hrs
(480
watt
hrs/day)
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
Address of the Agency/System provider
Seal
Place:
Date:
---
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 :
2. Name & address of project including Tehsil/Taluka/District :
3.Name and address of promoter :
4. Type of Promoter (Tick Mark):
i.
Individual or
ii.
Group :
5. Gender (Tick Mark) :
i.
ii.
6. Category (Tick Mark) :
i.
ii.
iii.
iv.
v.
vi.
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 manufacturer’s 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.
The subsidy amount of `. …...... may be released to our Bank.
(___________________)
Seal and signature of the Authorized
Signatory of Bank
Place :
Date:
-----------
Page 11 of 21
ANNEXURE V
REFINANCE ARF – FORMAT
DRAWAL APPLICATION FOR RELEASE OF REFINANCE UNDER CAPITAL SUBSIDY CUM
REFINANCE SCHEME FOR INSTALLATION OF SOLAR OFF-GRID & DECENTRALISED
APPLICATIONS UNDER JAWAHARLAL NEHRU NATIONAL SOLAR MISSION UNDER
AUTOMATIC REFINANCE FACILITY (ARF)
Ref. No.
Date:
From (Name and Address of the Financing Bank)
To
The Chief General Manager/ OIC
NABARD Regional Office,
For use by NABARD RO
Date of Receipt …………….
Signature …………..
_______________________
Dear Sir
Application for Sanction/ Release of Refinance under Capital Subsidy cum
Refinance Scheme for installation of Solar Off-Grid (Photo-voltaic) &
Decentralised Applications under Jawaharlal Nehru National Solar Mission of
Government of India
We hereby apply for sanction and release of refinance aggregating to ` ……………… (Rupees
…………………only) in respect of financial assistance sanctioned and disbursed by us to our
constituents, the particulars in respect of which are furnished in the Annexure. We agree
to repay the refinance availed of by our Bank as per the repayment schedule appended to
this drawal application. We also agree that the repayment schedule(s), if revised and
communicated by NABARD, in respect of refinance claimed in this application will be
scrupulously followed by us.
2. We certify that:
i. The individual loan proposal conforms to the policy, procedures and guidelines laid
down by NABARD under the captioned scheme from time to time.
ii. The proposals have been appraised by us/ our branches and are found to conform to the
technical and financial parameters laid down under the captioned scheme guidelines of
NABARD/MNRE.
iii. We have not applied earlier for capital subsidy/ refinance covered by this drawal
application from NABARD or any other institution
iv. The refinance amount claimed is exclusive of the recoveries/ capital subsidy/margin
money received or receivable.
v. We have obtained consent letters from our constituents to the effect that they have no
objection in furnishing to NABARD all such information as may be required from time to
time.
vi. MNRE /NABARD will have the right to seek any information as they may require from
time to time and also for inspection of the unit.
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 Bank’s seal.
Enclosure :
Date :
Place :
CONTD../-
Page 13 of 21
ANNEXURE V (Contd..)
Repayment Schedule
From Borrower to Bank
(Repayment received during)
Date
Amount (`)
From bank to NABARD
(Repayable as on)
Date
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**
1
2
(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
* Indicate the code allotted by NABARD, RO while releasing capital subsidy
** Claim No. allotted by NABARD, HO for capital subsidy
Date :
Signature of the Bank Official
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
1. Name, address of the beneficiary and location of the project :
2. Name of the financing bank :
3. Name & address of the financing branch:
4. Date of sanction of loan by bank :
5. Date of field monitoring of the unit by the bank
6. Date of completion of the unit :
7.
(i) Total financial outlay (`).
(ii) Margin Money (`).
(iii) Bank loan (`).
(iv) Subsidy received
Date of receipt
from NABARD
Amount
(`.)
Date of release of subsidy to
the supplier
8. Brief description of facilities created.
9. Date of interest charged by the financial bank : % p.a.
10. The bank has / has not availed refinance from NABARD
11. This is to certify that the full amount of capital subsidy and Bank loan in respect of which
capital subsidy has been received has been fully utilized as per the terms and conditions of
the project/MNRE/NABARD and as per the guidelines of the scheme.
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 : [email protected]
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 : [email protected]
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; [email protected]
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 : [email protected] / [email protected] / [email protected]
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:
[email protected],
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 : [email protected] , 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: [email protected] ; 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 : [email protected] ; 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 : [email protected] ; 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 : [email protected]; 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 : [email protected];
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 : [email protected] / [email protected] [email protected]
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 : [email protected]
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 : [email protected]
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 : [email protected] / [email protected], [email protected]
Director
Punjab Energy Development Agency
SCO 134-136, Sector 34-A
Chandigarh – 160 036
Tel: 0172-663392; EPBX 663328/663382, Fax: 0172-2646384
Email : [email protected]
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 : [email protected] / [email protected]; 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 : [email protected]
TAMIL NADU
Chairman & Managing Director
Tamil Nadu Energy Development Agency (TEDA)
EVK Sampath Building, Chennai – 600 006
Tel: 044-28224832 Fax: 044-28236592
Email : [email protected]
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 : [email protected]
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 : [email protected] ; 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 : [email protected] ; 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 : [email protected] ; 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
