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Tuesday, Jul 13, 2004

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Industry & Economy - Non-conventional Energy

Canara Bank loan for solar lighting

Our Bureau

Kochi , July 12

TO promote the use of solar energy further, Canara Bank along with the United Nations Environment Programme has launched a new loan scheme for financing solar home lighting systems.

The scheme is cost effective and is aimed at individuals, small business establishments as well as self-help groups. Loans up to 85 per cent of the project cost with a maximum limit of Rs 25,000 would be extended to eligible borrowers, a release from the bank has said.

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