➤ To finance Business Enterprises towards setting up of Rooftop/Ground mounted Solar Units aimed at cost saving and increased use of renewable energy for existing business use (Captive consumption).
➤ To provide easier financing terms to the Dealers, Channel Partners, Sub-Contractors, registered with MNRE, engaged in the installation and maintenance of Solar Power Projects.
➤ The Solar Vendors/Channel Partners/Sub-Contractors should be registered with Ministry of New & Renewable Energy/DISCOM.
Eligibility
For Captive Consumption (Term Loan):
• All Business enterprises (Individual Proprietorship/Partnership/Companies/Trust/Association etc.) other than HUF.
• Unit should be classified as MSME, have valid Udyam Registration Number and registered with GST.
• On-grid/Off-grid Solar Projects are eligible.
• Solar Unit must be connected to Grid and have Net Metering arrangement/feasibility approval from DISCOM/Chief Electrical Inspector or competent authority.
• Property where Solar Unit is to be installed must be under borrower’s ownership or leasehold rights (valid for loan tenure).
• NOC from existing lenders if property is already mortgaged.
For Solar Vendors/Channel Partners/Sub-Contractors (Working Capital/Term Loan):
• Must be registered with MNRE.
• Valid Udyam Registration & GST Registration.
• Minimum 6 months of business operations.
• Engaged in installation & maintenance of Solar Projects.
Extent of Loan
• Minimum: Above Rs. 5.00 Lakh
• Maximum: Up to Rs. 10.00 Crore
Margin
Minimum 20% of the total estimated project cost.
Guarantee
Covers under CGTMSE/Other Credit Guarantee Schemes:
• No collateral required (except for primary/collateral property/Hybrids).
Cases NOT covered under CGTMSE:
• Mortgage of borrower’s own/parent’s property.
• Personal guarantee of Promoter/Directors/Partners.
• In case of companies, guarantee of Directors of holding company, wherever applicable.
• Existing collateral securities to be extended, if available.
• CGTMSE coverage possible if eligible.
Repayment / Moratorium
For Term Loan:
• Maximum repayment period up to 10 years, including a moratorium of up to 6 months (if required).
For Working Capital Limit:
• WC/CC loan can be sanctioned for 12 months and subject to renewal.
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A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
General Manager-IT,
Punjab & Sind Bank
Internet Banking
Dear customers,
A New Internet Banking and Mobile Banking Solution - PSB UnIC for Retail Customers including NRE/NRO and PSB UnIC Biz for Sole Proprietor customers and Corporate Customers has been rolled out successfully by the Bank bringing UPI, IMPS, NEFT, RTGS and many more banking services under one platform.
Please note that our customers have already been notified that the old Internet Banking Portal of the Bank will be pulled down by 28.02.2022. The Funds Transfer services were blocked for Retail Internet Banking Customers since 09.01.2022. However, our old Internet Banking Portal was running parallelly for the last few days for the benefit of old Retail and Corporate Internet Banking Customers. It has now been decided that the Old Internet Banking will be pulled down on midnight of 21.03.2022. Bill Payments and Tax Payments ( OLTAS and GST) can be done through PSB UnIC digital platform. Bill Payment services are moved to PSB UnIC from 16.03.2022 onwards and the OLTAS functionality will be live from 18.03.2022 through PSB UnIC.
Our existing old Internet Banking customers ( Retail and Sole Propriership) who are yet to register in PSB UnIC are requested to make a onetime registration by visiting our website: https://punjabandsindbank.co.in and by clicking on PSB UnIC and choosing appropriate Option as follows:
And submit the duly signed application form along with required documents Viz. Board Resolution / Partnership Letter with Deed / Trust, Society, Club Resolution Letter/ HUF Letter etc. and also the KYC documents of the Authorised Users immediately to the parent Branch.
These corporate customers will be sent a registration kit through email after submission of the above documents. By Using the credentials in the mail, the corporate customers are requested to register by following the instructions contained in the email and start availing the benefit of PSB UnIC Biz services.
