State Bank of Pakistan has initiated Solar Financing Pakistan, through Solar Financing in Pakistan get PKR 500000/- to PKR Rs. 1 Billion in Pakistan. The Solar Financing scheme plans to encourage people to invest in renewable energy sources for the industrial, commercial, residential, and agricultural sectors.
Eligibility Criteria:
The eligibility criteria to qualify for this program have been kept very simple and easy to cope with the original objective of the program that is to encourage more people to use renewable energy by making it affordable. The eligibility criteria contain only these two
Requirements:
• Must hold a Computerized National Identity Card (CNIC)
• Must be the owner of the business, land or the house where the solar panel system is to be installed
Mark Up Rate:
The markup rate has been set economical to make sure more people can afford it, and become a part of this initiative. The markup rate has been decided 2+4=6 per annum by the SBP.
The markup rate has been set economical to make sure more people can afford it, and become a part of this initiative. The markup rate has been decided 3+3=6 per annum by the SBP. The 3% can further be negotiated depending upon your relationship with your bank.