• Project commencement - Year 2002
• Project termination - 30.06.2011

(Date of termination of this project is likely to be extended up to 31.12.2011 as a request has been made to the World Bank to extend period of validity up to 31.12.2011. )

• Grid Connected Renewable Energy Power Projects. (With capacity not more than about 10 MW)
• Investments relevant to energy efficiency, conservation and demand side management.
• Financing or acquisition of existing assets (including land) or refinancing of existing debts or accrued interest will not be considered under this loan scheme.

• The Applicant or the Applicant Enterprise should be a financially viable sole proprietorship, partnership enterprise, Limited Liability Company or a Co-operative society with a business registration certificate.
• Applicant should not be a borrower or a guarantor of a defaulted loan of any financial institutions.
• Individual Applicants should be within the age group of 18-55 years.
• Should be able to furnish security requirements.
• Applicant Projects should be economically feasible and financially viable.
• Should comply with national and international environmental regulations and standards.

Maximum Loan Limit per borrower is, either USD 8 Million or the maximum amount the bank may consider as opportune to be granted per borrower, whichever is lower.

Maximum loan repayment period is 10 years inclusive of a grace period of 2 years.

Securities acceptable to the Bank as given in section 4.6 of the Credit Procedure Guidelines issued with the Managers Circular No. 581 / 2004 (1) should be obtained.