NABARD

India: NABARD to offer Subsidy for Solar Water Heaters-
In its Circular No.147 /ICD- 36 /2011 dated 3 August 2011, the Indian National Bank for Agriculture and Rural Development (NABARD) has included solar water heating systems as an eligible technology for subsidy and low-interest loans if they do not exceed a capacity of 400 litres. The circular is addressed to all commercial banks and regional/rural banks involved. An earlier circular - No.110 dated 27 May 2011 - had already announced the Capital Subsidy-cum-Refinance Scheme for decentralised solar PV installations.

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