Tata Power Solar; Union Bank tie up for MSME loans

21 Nov 2022 CW Team

Tata Power Renewable Energy’s subsidiary Tata Power Solar Systems has partnered with Union Bank of India to provide a term loan to medium, small and micro enterprises to set up rooftop mounted solar units.

The partnership aims to help MSMEs save on electricity costs and to improve access to green energy. With nil or minimum collateral, Tata Power’s customers from MSME industries can avail of loans up to Rs 80 million.

The public sector bank said that the scheme also requires a minimum down payment of only 15-20% of project cost, making it very attractive for MSMEs. This is a part of the bank’s solar scheme called 'Union Solar', has been launched at a pan-India level to relieve the MSMEs from the stress of higher power costs and grid exigencies.

C M Minocha, chief general manager, Union Bank of India, said, “We are happy to associate with Tata Power in our efforts to help small businesses improve their access to green energy through the solar solution that is reliable, affordable and self-paying in the long run.

“We expect to see an impressive growth in the use of solar power in the MSME sector that will also make them more competitive in the domestic and international markets,” said Minocha.

Shivram Bikkina, chief- rooftop, Tata Power Renewable Energy said that the Indian MSME industry is experiencing a behavioural shift towards green energy solutions in the last few years.

Infrastructure Transport

15 May 2026

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..