Affordable loans and faster approvals to accelerate rooftop solar adoption.

Luminous, SIDBI Join Hands to Expand Solar Financing for MSMEs.

Luminous Power Technologies has entered into a strategic partnership with Small Industries Development Bank of India (SIDBI) to enhance access to affordable solar financing for micro, small and medium enterprises (MSMEs) across India. Under the MoU, MSMEs can avail structured loans of up to ₹50 crore with repayment tenures extending up to 10 years, aimed at easing capital constraints for solar adoption.  The collaboration offers interest subsidies of up to 2% on loans up to ₹22 crore, reducing effective interest rates to as low as 6.7%. Loan processing will be largely digital with minimal documentation, and approvals can be completed within seven days. The financing model allows up to 100% project funding, supported by SIDBI fixed deposit receipts as cash collateral and concessional rates linked to borrower credit profiles. With its nationwide network of over 350 service centres, Luminous will handle end-to-end solar deployment, while SIDBI will provide tailored institutional financing—supporting MSMEs in lowering energy costs and contributing to India’s clean energy transition.