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1. Which Indian bank has partnered with Tata Power Renewable Energy Limited to provide collateral-free solar financing solutions for Micro and Small Enterprises (MSEs)?
IndusInd Bank has collaborated with Tata Power Renewable Energy Limited to offer collateral-free solar financing solutions to Micro and Small Enterprises (MSEs) in India. This partnership aims to promote sustainability, reduce operational costs, and facilitate easy access to solar energy financing for MSEs. The bank will provide loans ranging from ₹10 lakhs to ₹2 crores with competitive interest rates and flexible repayment terms of up to seven years. This initiative reflects IndusInd Bank's commitment to integrating environmental, social, and governance (ESG) factors into its operations and promoting sustainable finance practices.