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India: National Housing Bank Grants Subsidised Loans

Submitted by Baerbel Epp on May 2, 2014
SWH IndiaOn 31 March 2014, the Ministry of New and Renewable Energy (MNRE) and the National Housing Bank (NHB) signed a Memorandum of Understanding (MoU) to provide subsidies for private households when they purchase solar water heating and solar lighting equipment. The beneficiaries can only receive funding for equipment approved by the MNRE. 30 % of the benchmark costs of solar thermal systems (40 % in Special Category States) are covered by the grant, as in the federal state programme of the National Solar Mission (see database of incentive programmes). The grant is capped at a maximum capacity of 500 litres per day and house. The NHB scheme will run until December 2015. 
Photo: Malaviya Solar Energy Consultancy
 

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