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Project Detail:
On October 2023, the government submitted to ADB a periodic financing request (PFR) for each tranche 2 and 3 to be provided to the SBI and NABARD, respectively. Each PFR is aligned with a financing framework agreement (FFA), which was revised and agreed on the government, the SBI and NABARD. In the revised FFA, the MFF's roadmap and policy framework have been unchanged since the program remains highly important to achieve the government's intended outcome of increased solar rooftop capacity in India. To enable the SBI and NABARD to take over implementation, the MFF availability period was extended until 30 September 2026 over 10 years Along based on the major change. Furthermore, the Ministry of New and Renewable Energy (MNRE) became the oversight body in place of the PNB Board to supervise overall program implementation.
Note: Please Download Project Document attached to this Project for more information.
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