Mumbai: Axis Bank, one of India’s leading private sector banks, has launched Rooftop Solar Finance, a specialized financial solution aimed at assisting Micro, Small, and Medium Enterprises (MSMEs) in adopting solar energy and optimizing their energy costs through energy self-reliance.
Under this scheme, MSMEs can avail collateral-free loans ranging from ₹10 lakh to ₹2 crore, with flexible repayment tenures spanning 4 to 7 years. This structure allows MSMEs to invest in rooftop solar systems without straining their balance sheets or working capital cycles. By enabling MSMEs to install self-owned rooftop solar systems, this offering helps them reduce operational expenses, gain better control over energy costs, and build long-term financial resilience, while also contributing to India’s clean energy transition.
The product will be available across the country through Axis Bank’s extensive branch network. To ensure quality execution and reliability, the Bank has partnered with leading Original Equipment Manufacturers (OEMs). Furthermore, Axis Bank has collaborated with a technology partner to provide MSMEs with greater transparency throughout the solar adoption process—including insights into system costs, estimated savings, and execution timelines.