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MNRE/NABARD Scheme for Solar Home Lighting

MNRE (GOI) has signed an MOU with NABARD to promote SOLAR HOME LIGHTING SYSTEMS to rural areas. This program is to be implemented under the Jawaharlal Nehru National Solar Mission (JNNSM). JNNSM aims to achieve 20000mw of solar power production by the year 2022.

View NABARD Circular | Download Brochure

Thrive® Solar is an ISO 9001:2008 company and is today a CRISIL Rated Direct Channel Partner of the Ministry of New and Renewable Energy (MNRE), Government of India. This accreditation by MNRE allows Thrive® Solar to directly submit project proposals to MNRE and help its partners who are interested in installing solar power packs to avail the subsidy provided by MNRE.

Committed to their cause of providing quality solar lighting to the off grid or power deficit areas, Thrive® Solar has been doing pioneering work in the solar energy sphere. The HOME LIGHTING SYSTEMS are to be implemented with Bank linkages for loan and with special subsidy of 40%.

 

System Configuration Details (Specifications)**:

Particulars TL 100 TL 125 TL 160 TL 210 TL 300 TL 500 TL 800 TL 1KW TL 1 KW Extra
Solar Module 100 Wp 125 Wp 80
Wp X 2
105
Wp X 2
150
Wp X 2
125
Wp X 4
200
Wp X 4
250
Wp X 4
250
Wp X 4
Battery - 12 volt 120 Ah 150 Ah 150 Ah 2 X 120 Ah 2 X 150 Ah 2 X 200 Ah 4 X 120 Ah 4 X 150 Ah 4 X 200 Ah
Solar Inverter 300 VA 500 VA 600 VA 800VA 1000 VA 1500 VA 2000 VA 2000 VA 2000 VA
Load ( as per MNRE ) 60 Watts 75 Watts 90 Watts 120 Watts 180 Watts 600 Watts 800 Watts 1000 Watts 1400 Watts
Back up 4 hrs 4 hrs 4 hrs 4 hrs 4 hrs 4 hrs 4 hrs 4 hrs 4 hrs
Warranty on inverter 5 years 5 years 5 years 5 years 5 years 5 years 5 years 5 years 5 years
Warranty on batteries 5 years 5 years 5 years 5 years 5 years 5 years 5 years 5 years 5 years
Warranty on Solar Module 10 years 10 years 10 years 10 years 10 years 10 years 10 years 10 years 10 years

 

Subsidy and Loan Details

Solar Home Lighting Systems with 40% subsidy

S.No. NABARD
Model No.
Thrive Model NABARD
Benchmark cost (Rs.)
NABARD
Subsidy @ 40% (Rs.)
10% Margin Money (Rs.) 50% Loan Amount (Rs.) Approximate EMI for
60 months when
interest rate is
12% per annum
(Rs.)
1 VI TL 100 27000.00 10800.00 2700.00 13500.00 300.00
2 VII TL 125 33750.00 13500.00 3375.00 16875.00 375.00
3 VIII TL 160 43200.00 17280.00 4320.00 21600.00 480.00
4 IX TL 210 56700.00 22680.00 5670.00 28350.00 630.00
5 X TL 300 81000.00 32400.00 8100.00 40500.00 900.00

 

Solar Home Lighting Systems with 30% subsidy

S.No. NABARD
Model No.
Thrive Model NABARD
Benchmark cost (Rs.)
NABARD
Subsidy @ 30% (Rs.)
20% Margin Money (Rs.) 50% Loan Amount (Rs.) Approximate EMI for
60 months when 
interest rate is 
12% per annum
(Rs.)
1 X ( a ) TL 500 135000.00 40500.00 27000.00 67500.00 1500.00
2 X ( b ) TL 800 150000.00 45000.00 30000.00 75000.00 1700.00
3 XI TL 1K 190000.00 57000.00 38000.00 95000.00 2200.00
4 XI ( a ) TL 1K Extra 225000.00 67500.00 45000.00 112500.00 2500.00

 

Please note:- ** Specifications and scheme subject to updation and change from time to time.

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