SOLAR

According to the circular, which department issued the e-Circular regarding the new scheme for financing solar projects?

• Retail Banking Department

• MSME Banking Department

• Corporate Banking Department

• Agricultural Banking Department

What is the date of approval for the new scheme for financing solar projects as mentioned in the circular?

• 03.04.2023

• 14.12.2022

• 20.04.2024

• 25.04.2024

Fill in the blank: The new scheme will be applicable in case of term loan facilities being sanctioned and disbursed on and after _________.

• 25.04.2024

• 01.01.2024

• 15.03.2024

• 10.05.2024

Which of the following is NOT a change mentioned in the new schematic guidelines for financing solar projects?

• The scope of work for the external agency has been restricted

• The deviation criteria has been revised

• The financing for Ground Mount Solar Units has been removed

• The specific state criteria has been removed

The pricing has been modified in order to compete in the market according to the new scheme for financing solar projects.

• True

• False

What should existing accounts do according to the circular regarding the new scheme for financing solar projects?

• Close immediately

• Continue as per existing terms and conditions

• Transfer to the new scheme

• Apply for new loans

According to the circular, all loans for the said purpose shall be booked under which scheme?

• The new scheme for financing solar projects

• The agricultural modernization scheme

• The rural electrification scheme

• The renewable energy subsidy scheme

Who are the target group for the Bank of Baroda's Scheme for financing solar projects?

• Only Large Corporates

• Only MSME-Regular

• Micro, Small and Medium entities (Both MSME-Regular & MSME-Expanded) engaged in economic activities of income generating nature

• Only individuals

Is there any limitation on the basis of location for availing the scheme for financing solar projects?

• True

• False

What is the minimum age at the time of receipt of loan application for a Proprietor of Proprietorship Firm under this scheme?

• 25 years

• 18 years

• 30 years

• 21 years