The country’s largest lender, State Bank of India (SBI), has developed a specialised centralised processing cell called ‘Surya Shakti Cell’ with the goal of strengthening the present finance arrangement for solar power projects. The bank has engaged into an agreement to finance solar projects with Tata Power Solar Systems. The Surya Shakti Cell will process all loan applications for solar projects (with a capacity of up to 1 MW) sourced from across India for installation by businesses and families.The bank aspires to create an end-to-end platform for loan applicants seeking to finance solar projects that is both digital and hassle-free. It will provide a complete solution at low prices, thanks to this digital effort. Furthermore, the complete eco system has been deliberately designed to ensure that consumers receive the essential help and guidance in order to select the appropriate equipment, address technical issues at their doorstep, and receive prompt loan approvals at competitive rates.Dinesh Khara, Chairman, SBI, has said, “We are delighted to launch the Surya Shakti Cell with an objective to provide a new direction to solar projects financing in India. We are happy to partner with Tata Power Solar Systems in this initiative, which is in line with the global objectives of the COP26 Agreement in reducing carbon footprint. We believe, with sustainable solar power, we can solve the prevailing challenges related to the use of conventional energy as well as climate change.Speaking on this collaboration, Dr Praveer Sinha, CEO & Managing Director, Tata Power, has shared, “We are pleased to partner with SBI in its Surya Shakti Cell initiative, which is a testament to our commitment to making sustainable energy products and services more affordable and accessible to our customers. This association will aid us in our #DoGreen mission by encouraging our MSME and domestic segments customers to embrace solar energy solutions and join us in co-creating a greener future.”