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Project Detail:
On October 2023, SBI and NABARD, through the Government, submitted to ADB formal periodic financing requests (PFR) for tranche 2 and 3 loans to be provided to the SBI and NABARD, respectively. Each PFR is aligned with the financing framework agreement (FFA), which was revised and agreed with the government, SBI and NABARD. In the revised FFA, the MFF's roadmap and policy framework are unchanged since the program remains to be highly important to achieve the government's intended outcome of increased solar rooftop capacity in India. To enable SBI and NABARD to implement the MFF availability period was extended until 30 September 2026 (10 years) under 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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