Tag: solar

  • Sanchi Sets New Standard with Inauguration of First Solar City

    Sanchi Sets New Standard with Inauguration of First Solar City

    In a remarkable leap towards sustainable urban development, the historic city of Sanchi has unveiled its groundbreaking initiative, the “SanchiFirstSolarCity,” marking a significant milestone in India’s pursuit of clean energy and green living.

    Visionary Transition to Solar Power

    Nestled in the heart of Madhya Pradesh, the city of Sanchi has long been celebrated for its ancient Buddhist stupas and temples. Today, it adds a modern, eco-friendly dimension to its legacy with the inauguration of the world’s first Solar City, a city where clean and renewable energy sources are the primary power supply.

    A Commitment to Sustainability

    The SanchiFirstSolarCity project, championed by local government officials, businesses, and environmental activists, aims to reduce the city’s carbon footprint, combat climate change, and set an example for the rest of the world.

    “We believe that Sanchi’s history and spirituality align perfectly with our commitment to sustainable development,” said Mayor Rishabh Singh. “This Solar City is not just a technological feat, but a testament to our responsibility to future generations.”

    Key Features of SanchiFirstSolarCity

    • 100% Renewable Energy: The city relies solely on solar energy for its power needs, harnessing the abundant sunlight in the region to generate electricity.
    • Smart Grid Infrastructure: SanchiFirstSolarCity boasts state-of-the-art smart grid technology to efficiently manage and distribute solar power to its residents and businesses.
    • Energy-Efficient Buildings: Existing structures have undergone energy-efficient retrofitting, and new buildings must meet strict energy standards.
    • Green Transportation: The city promotes eco-friendly transportation options such as electric buses, bicycle lanes, and pedestrian-friendly streets.
    • Community Involvement: Local residents have actively participated in the project, from rooftop solar panels on homes to community gardens and green spaces.

    Global Inspiration

    Environmentalists and urban planners worldwide are lauding Sanchi’s pioneering initiative. Vandana Sharma, a renowned sustainability advocate, said, “Sanchi’s Solar City project should serve as an inspiration to cities everywhere. It showcases how ancient wisdom and modern technology can work hand in hand for a brighter, greener future.”

    The Road Ahead

    While SanchiFirstSolarCity is undoubtedly a landmark achievement, it faces challenges, including infrastructure upgrades, policy implementation, and ensuring equitable access to clean energy. Nonetheless, it serves as a beacon of hope for a planet in urgent need of sustainable solutions.

    As the world watches, Sanchi invites visitors from all corners to witness the future of urban living – a harmonious blend of heritage, technology, and environmental responsibility.

    *Sanchi has taken a momentous step towards sustainability with the inauguration of the world’s first Solar City, entirely powered by solar energy.

    Key Highlights:*

    • SanchiFirstSolarCity inaugurated, a historic initiative toward sustainable urban living.
    • The city relies 100% on solar energy, setting an example for the world.
    • Smart grid infrastructure, energy-efficient buildings, and green transportation are key features.
    • Global environmentalists and urban planners praise Sanchi’s visionary approach.
    • Challenges remain, but the Solar City project signifies hope for a greener future.
  • ISRO Initiates Preparations to Unlock Solar Mysteries Following Lunar Success

    ISRO Initiates Preparations to Unlock Solar Mysteries Following Lunar Success

    Straight from its victorious lunar mission, the Indian Space Exploration Association (ISRO) has focused on disentangling the cryptic mysteries of the sun.ISRO declared today that arrangements are in progress for an aggressive sun oriented investigation mission, denoting a critical step in India’s blossoming space program.
    The space office, eminent for its savvy yet spearheading space missions, stood out as truly newsworthy in 2022 with the Chandrayaan-3 lunar mission, which exhibited India’s ability in lunar investigation.
    Expanding on this achievement, ISRO is currently wandering into the domain of sun based investigation, a difficult and unknown region that vows to extend how we might interpret the sun.
    Our central goal plans to open a portion of those secrets and add to humankind’s information on our nearest star.”
    The arrangements for the sun powered mission are supposed to include a progression of complicated mechanical turns of events and thorough testing.
    ISRO’s researchers and architects will be entrusted with planning shuttle and instruments equipped for enduring the cruel circumstances and outrageous radiation of the sun’s external environment.
    Creating innovation to endure the brutal sunlight based climate is a considerable errand, yet we are certain about our capacities.”
    While explicit insights concerning the mission timetable and spending plan are yet to be unveiled, ISRO’s declaration has lighted energy inside the worldwide space local area.
    The organization’s demonstrated history of fruitful missions, including the Mars Orbiter Mission (Mangalyaan) and the Chandrayaan missions, loans assurance to its capacity to attempt such aggressive undertakings.
    As ISRO gears up for this wonderful excursion towards the sun, the world will watch with extraordinary expectation, anxious to observe one more section in India’s space investigation adventure.
    About ISRO: The Indian Space Exploration Association (ISRO) is the space organization of the Public authority of India, laid out in 1969.

  • Senate sends bipartisan rebuke of solar tariff policy to Biden’s desk

    Senate sends bipartisan rebuke of solar tariff policy to Biden’s desk

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    congress solar tariffs 11660

    The resolution would use the Congressional Review Act to rescind Biden’s moratorium on new tariffs for solar cells and modules from Malaysia, Thailand, Cambodia and Vietnam. The rule was issued as the Commerce Department investigates whether companies are circumventing existing U.S. tariffs on China by funneling products through those four countries.

    Commerce issued preliminary findings in December that said Chinese companies were indeed circumventing the tariffs, and its final determination is due later this year. But given the two-year pause, no new tariffs resulting from the probe can be levied until mid-2024.

    The resolution resurfaced long-running tensions on the Commerce probe. Solar industry officials who oppose the resolution warn it carries a threat of retroactive duties that will cost jobs, shut down planned solar projects and undercut the Biden administration’s climate goals.

    “It’s going to send a devastating message to the solar industry and particularly to our independent, small businesses,” Nevada Democratic Sen. Jacky Rosen said in an interview.

    Rosen led an open letter Wednesday with eight Democratic senators that argued Biden’s two-year pause on additional tariffs is necessary as the United States works to bolster its domestic manufacturing capabilities.

    But supporters of the resolution — including several Senate Democrats — argue it’s necessary to enforce U.S. trade law and support domestic industry, while ensuring the U.S. clean energy transition is not built using Chinese products.

    “If you vote no, that means you support slave labor,” said Sen. Rick Scott (R-Fla.), who sponsored the Senate resolution. “You don’t want more American jobs and you don’t believe our trade policies mean anything.”

    The comment is a reference to the use of forced labor within China’s Xinjiang region — an area of bipartisan concern. The solar industry has vocally opposed the use of forced labor in its supply chain, and the resolution approved Wednesday does not directly mention the topic.

    Rosen rejected Scott’s contention on Wednesday.

    “We’re always going to be against forced labor. We’re always going to be for holding the Chinese Communist Party’s feet to the fire in everything we do,” she said.

    The measure gathered support from nine Senate Democrats on Wednesday: Joe Manchin of West Virginia, Ron Wyden of Oregon, Sherrod Brown of Ohio, Gary Peters and Debbie Stabenow of Michigan, Bob Casey and John Fetterman of Pennsylvania, Jon Tester of Montana and Tammy Baldwin of Wisconsin.

    Sen. Rand Paul of Kentucky was the lone GOP senator to vote against the measure.

    Sen. Brown, whose state is home to one of the largest U.S. solar manufacturing companies, said in a floor speech Tuesday he was defending U.S. manufacturing.

    “You can’t say you want American manufacturing to lead the world and then allow Chinese companies, subsidized always by their government, to skirt the rules and dump solar panels into the U.S.,” he said.

    Manchin, the chair of the Senate Energy and Natural Resources Committee, was the only Democrat to attach his name as a co-sponsor of the joint resolution of disapproval. He argued the U.S. cannot continue to let China “get away” with laundering solar energy components through other nations with “absolutely no consequences.”

    “Let me be clear: America will never be energy secure or independent if we can’t provide the resources we need, and it would be foolish of us in Congress to allow these waivers to continue any longer,” Manchin said in a statement.

    On the other hand, eight House Republicans voted against the resolution last week, with some arguing it would cost solar jobs in their districts.

    George Hershman, CEO of utility solar company SOLV Energy, recently called Republican support for the resolution “disappointing,” given how many solar projects are cropping up in red congressional districts.

    “The largest solar districts in the country are Republican. That’s where the job impacts are going to be,” he told POLITICO last month. “I mean, I’m as disappointed with Democrats that might sign on to [the resolution] as House Republicans that understand the job creation of solar in their districts.”

    Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association, called on Biden to “quickly and decisively” veto the resolution.

    “Energy workers across the country are looking to President Biden to protect their livelihoods,” she said in a statement.

    The vote Wednesday is part of a wider trend of resolutions brought under the Congressional Review Act, which requires only a simple majority to pass the Senate, to undo parts of the Biden administration’s regulatory agenda.

    The Senate also voted 50-48 on Wednesday to pass a resolution that would overturn the Biden administration’s protections under the Endangered Species Act for the lesser prairie-chicken, a wild bird found in five states. The White House said Wednesday that Biden will veto that resolution, as well.

    Alex Guillén contributed to this report.

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    ( With inputs from : www.politico.com )

  • Solar Eclipse 2023 Timing: What to expect from this year’s first Surya Grahan

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    Srinagar, Apr 20: The first solar eclipse of 2023 will occur on April 20 at 7:04 am to 12:29 pm IST. This year will witness four eclipses, among which two will be solar eclipses. The solar eclipse, also known as Rare Hybrid Surya Grahan, is one of the most significant celestial events. An eclipse is a phenomenon in which the sun is blocked by the moon, i.e. a solar eclipse, and the Earth’s shadow obscures the moon in a lunar eclipse.

    IMG 20230420 WA0003

    Not visible in India

    Area of Visibility

    The eclipse is visible in the region covering Antarctica, Australia, the South Indian Ocean, Indonesia, Philippines and the South Pacific Ocean.

    The eclipse is visible in the region covering Antarctica, Australia, the South Indian Ocean, Indonesia, Philippines and the South Pacific Ocean.

    This eclipse will only be a partial eclipse in Sydney, Australia, starting at 1:36 PM. In Hindu tradition, people believe there are important things to remember during a solar eclipse.

    Even if you can’t see this eclipse from India, you may still choose to be a little careful.

    Solar Eclipse 2023: What you may consider to do, what to avoid

    • It’s advised to avoid sleeping during a solar eclipse, especially for older or sick people, as it’s believed to have negative effects on health.
    • Cooking and eating may be avoided during a solar eclipse as it can harm your health.
    • During a solar eclipse, it’s believed that deities shouldn’t be touched or worshipped. After the eclipse, it’s recommended to wash everything and say prayers.
    • Pregnant women should avoid seeing the eclipse and limit exposure to the sun during this time.
    • After a solar eclipse, it’s customary to take a bath, wear new clothes, and clean the house.
    • Before a solar eclipse, people often put basil or tulsi leaves in water and on food as a religious practice.
    • Hindu beliefs suggest that pregnant women should stay indoors during the eclipse to avoid harm to the baby in the womb.
    • Sprinkling Gangajal (holy water from the Ganges) is considered auspicious after the solar eclipse ends.
    • It’s important not to look directly at the sun during a solar eclipse as it can permanently damage your eyes.
    • It’s considered inauspicious to cook or consume any kind of food during a solar eclipse.
    • It’s believed to be unfavorable to buy property or engage in auspicious activities during a solar eclipse.
    • It’s advised not to use sharp objects during a solar eclipse.

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    ( With inputs from : kashmirpublication.in )

  • Three Engineers Attached In Rs Six Cr Solar Lights Scam

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    SRINAGAR: The Kashmir Power Distribution Corporation Limited (KPDCL) attached three engineers including Executive Engineer while an inquiry has been ordered against them for withdrawing Rs 6 crores for non-existent works in Kupwara.

    The Anti-Corruption Bureau (ACB) has reported that the Electric Division (ED) of Kupwara withdrew Rs 6 crore from the treasury for the installation of 3,600 solar street lights. However, during physical verification, no street lights were found installed.

    As a result, the Kashmir Power Distribution Corporation Limited (KPDCL) has attached three engineers, including an Executive Engineer, an Assistant Engineer, and a Junior Engineer, while an inquiry has been ordered against them. The Superintendent Engineer Sopore has been tasked with conducting the investigation based on the ACB’s report.

    The ACB found that the ED Kupwara made an illegal payment of Rs 6.12 crore to four contractor firms without installing any solar lights. In response, the ACB has recommended that action be taken against the delinquent officials, including cancelling the tender and recovering the payments.

    The AEEs and JEs of Sub Division Kupwara and Sub Division Trehgam both communicated to the Executive Engineer ED Kupwara that the allotted works were impossible to execute at the end of the financial year in just two or three days. However, the Executive Engineer ED Kupwara prepared bills for the non-existent work through unauthorized channels.

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    ( With inputs from : kashmirlife.net )

  • Will Hyderabad witness first solar eclipse of 2023 on April 20?

    Will Hyderabad witness first solar eclipse of 2023 on April 20?

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    Hyderabad: Are you an astrophile residing in Hyderabad and eagerly waiting for the first solar eclipse of 2023? If yes, you might be wondering if the eclipse will be visible from Hyderabad.

    According to the data from the National Aeronautics and Space Administration (NASA), the first solar eclipse of 2023 will occur on April 20, 2023. The eclipse will be visible from South East Asia, East Indies, Australia, the Philippines, New Zealand, Indonesia, and Papua New Guinea. Unfortunately, Hyderabad is not on the list of places where the eclipse will be visible.

    However, the eclipse is going to be a hybrid solar eclipse, which means that some places will witness a total solar eclipse, whereas others will see an annular eclipse. So, if you are an astrophile residing near the places where the eclipse will be visible, you can witness this celestial event.

    MS Education Academy

    Hyderabad witnessed partial solar eclipse last year

    Last year, Hyderabad witnessed a partial solar eclipse on October 25, 2022. Many astrophiles who were eagerly waiting for the event headed to the Birla Planetarium in Hyderabad to enjoy the celestial event.

    At Birla Planetarium, a telescope projected an image of the partial solar eclipse on the screen. A telescope with solar filters was also arranged for those who wanted to watch directly.

    Besides the partial solar eclipse, Hyderabad also witnessed a partial lunar eclipse recently.

    Solar vs Lunar Eclipse

    Lunar eclipses, like solar eclipses, occur due to the rotation of the Earth around the Sun and the Moon around the Earth. Due to the rotation, at some point, Sun, Moon, and Earth come in a linear configuration. Because of it, either the Sun or the Moon becomes invisible from the Earth.

    In a solar eclipse, the Sun becomes invisible because its rays will not reach the Earth as they will be blocked by the Moon. In contrast, in a lunar eclipse, Sun rays will not reach the Moon as they will be blocked by the Earth.

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    ( With inputs from www.siasat.com )

  • Reliance to set up 10 GW solar plant, invest Rs 40K crore for 5G rollout in AP: Ambani

    Reliance to set up 10 GW solar plant, invest Rs 40K crore for 5G rollout in AP: Ambani

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    Visakhapatnam: Billionaire Mukesh Ambani on Friday announced plans for setting up a 10-gigawatt solar plant in Andhra Pradesh as his oil-to-telecom conglomerate bets big on renewable sources which can be converted into carbon-free green hydrogen.

    Speaking at the Andhra Pradesh Global Investors Summit, Ambani, Chairman and Managing Director of Reliance Industries Ltd, said his group is investing Rs 40,000 crore for rollout of ultra-high speed 5G telephony network in the state.

    “This morning, I am happy to announce that we will continue our investments and we will invest in 10 gigawatt of renewable solar energy in the state of Andhra Pradesh,” he said without giving investment details.

    Reliance had in 2021 announced plans to create by 2030 capacity to generate at least 100 GW of electricity from renewable sources, which can be converted into carbon-free green hydrogen. It is also investing in setting up giga-factories to manufacture components for the green energy value chain.

    Ambani said his company has invested more than Rs 1.5 lakh crore in developing oil and gas discoveries it made off the Andhra coast and in supporting gas pipeline infrastructure to transport the fuel to consumers.

    Gas from Reliance’s KG-D6 block in the Bay of Bengal contributes nearly 30 percent of of all gas production in the country, he said. “This is just an example of how important Andhra is to the India story. And how deeply Reliance is invested in the Andhra story.”

    Reliance Jio, the group’s telecom arm, is rolling out what it called a ‘True 5G’ network.

    “We are creating the largest and the best digital network footprint in the state by investing over Rs 40,000 crore. Our 4G network covers 98 per cent of Andhra Pradesh’s population, including those living in the remotest corners of the state.

    “The rollout of Jio’s True 5G will be completed before the end of 2023 throughout India, including your state of Andhra Pradesh,” he said.

    5G will trigger a new wave of digital revolution, creating large-scale business and employment opportunities.

    Similarly, its retail arm has partnered with more than 1.2 lakh kirana merchants across 6,000 villages of Andhra Pradesh. “Reliance Retail will source significantly more agri and agro-based products and manufactured goods from Andhra Pradesh for sale all over India,” he said.

    “I would like to assure you that Reliance will continue to be an unflinching partner to the people and the Government of Andhra Pradesh in your state’s all-around accelerated progress,” he added.

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    #Reliance #set #solar #plant #invest #40K #crore #rollout #Ambani

    ( With inputs from www.siasat.com )

  • Quaoar’s ring, planet X and other mysteries to discover in our solar system

    Quaoar’s ring, planet X and other mysteries to discover in our solar system

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    The history of science is littered with unexpected results: planets orbiting places where we thought they shouldn’t be able to form, gas and stars moving faster than the gravity of objects we see allows, or galaxies receding from us when we imagined them still. There is data that has given rise to new paradigms: the Universe is expanding, the planets are migrating and there is more mass than we see with light. And measures that have led us to the formulation of new theories that break with the status quo of our knowledge to date.

    But science also gives us little surprises, little conceptual jewels that are impossible until they appear before our eyes for the first time. From time to time unique, peculiar objects are discovered, which may not alter the course of the history of science or the conception we have of the Universe, but which force us to think beyond what we thought possible up to that moment. These last ones, I have to confess, are the observations that we theorists like the most, those that show realities where they should not and that force us to question what we know, to rethink what we thought and to try to decipher what it is that we have not taken into account. account in the models. Among the latter is the discovery of the ring of Quaoar.

    Quaoar is a minor body in the Solar System, that is, a body that orbits the Sun, but that is not a planet, nor a dwarf planet, nor a satellite. This means that it is part of the family that includes most of the asteroids, the objects that orbit beyond the orbit of Neptune in our Solar System, and also comets. It could be said that he is just anyone: with number 50,000 in the series, until 2002 we didn’t even know he existed. Now it has its own name, baptized in honor of the name given to the force of creation for the Tongva tribeancient settlers of the lowlands of the southern coast of California.

    Quaoar is approximately the size of the Iberian Peninsula if we made it into a ball. It is slightly smaller, at 555 km in radius, than Earth’s newly discovered iron core. In addition, it has a moon called Weywot with a radius of just 80 km and orbiting Quaoar 13,320 km away. This is not much, serve as a reference that between Palencia and Sydney there is a distance of 17,000 km. And, as it is a smaller body, if this seems little to us, Quaoar also has a recently discovered planetary ring and this is interesting because it is not only the third example of a ring around a small body that has been found in the Solar System , the other two around Centaur Chariklo and of Haumeabut also because the ring is not where expected.

    A planetary ring is a disk made up of tiny pieces of ice and other material that the larger object orbits. The most famous, the image that comes to mind is that of the precious rings that surround Saturn. But the four giant planets in our solar system – Saturn, Neptune, Uranus and Jupiter – have rings, the thing is that the rings of both Neptune and Jupiter are so faint that they are difficult to observe and we didn’t know that until we passed by the voyager.

    The location of the rings is essential to understand them, all the rings found to date are within what we know as the Roche limit of their central bodies. This in the language of words, which is what we move with here in the newspaper articles, means that the material that forms the rings has to be close so that gravity with the central object continuously breaks the pieces of material, inhibiting the moon formation.

    The Quauar ring is beyond that critical distance, specifically 4100 km. At that distance from the central object, the particles that make up the ring should collide with each other and stick together because the attraction between the pieces of ice is greater than the tidal forces. The ring is dense and narrow which means there are enough collisions and from what we know, let’s say rather, we knew, they should form moons in just a couple of decades (yes, a moon can form that fast!).

    Planetary rings are history and also something more mundane: colliding ice perhaps stirred up by the existence of a moon. Pure disk-shaped beauty. Seeing the ring at that distance from Quaoar means that there are other processes that we have not taken into account and that are causing the material not to accumulate to form moons. Quaoar’s planetary ring is too narrow and small to be detected directly. To see it, the occultation technique has been used with multiple telescopes that measure how Quaoar’s light attenuates the light of the stars as it passes in front of it. In this detection the telescope GRANTECAN and its HiPERCAM high-speed camera have played a starring role as the duration of the cloak lasts less than a minute.

    The proposed solution to explain the existence of the ring in this case involves assuming that the particles may be experiencing external gravitational thrusts that cause them to collide at high speed and therefore do not coagulate and grow. These types of disturbances are known as resonances and may be caused by moons not yet discovered or by the known moon, Weywot. This phenomenon is not new and has led to the discovery of planets. In recent years, for example, data on peculiar orbital patterns for some objects beyond the orbit of Neptune have accumulated, leading to the postulation of the existence of even a new planet, Planet X, in the confines of the Solar System.

    Cosmic Void is a section in which our knowledge about the universe is presented in a qualitative and quantitative way. It is intended to explain the importance of understanding the cosmos not only from a scientific point of view but also from a philosophical, social and economic point of view. The name “cosmic vacuum” refers to the fact that the universe is and is, for the most part, empty, with less than one atom per cubic meter, despite the fact that in our environment, paradoxically, there are quintillions of atoms per meter cubic, which invites us to reflect on our existence and the presence of life in the universe. The section is made up of Pablo G. Perez Gonzalezresearcher at the Center for Astrobiology; Eva Villaver, researcher at the Center for Astrobiology; and Patricia Sanchez Blazquezfull professor at the Complutense University of Madrid (UCM).

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    ( With inputs from : pledgetimes.com )

  • J&K Bank Solar Equipment Finance Scheme Check Eligibility

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    F112F5FA 168C 4ADB 9222 DB1B840B9CF4

    PURPOSE

    • For Purchase & Installation Of Off-Grid Solar Lighting & Photo –Voltaic Systems (Solar Inverters). The Finance Shall Be Granted For The Purchase Of The System From Authorized Dealers Of Reputed Companies.

    ELIGIBILITY

    • Confirmed Employees of: Government /Semi-Government Departments/Bodies/Agencies & Public Sector Undertakings.
    • Permanent Employees of Private Companies or Reputed Establishments with minimum 2 years association with the Current Employer and maintaining salary account with us.
    • Professionals, Self Employed Individuals & Businessmen with at least 2 years of experience in profession/business
    • Retired Govt. Employees with age not more than 70 years on maturity of loan.
    • Persons engaged in agricultural and allied activities.

    QUANTUM OF FINANCE

    • Individuals: 12 times net monthly salary/ pension / income.
      Persons engaged in agricultural and allied activities: Maximum of 2 times net annual income as certified by concerned Tehsildar.
    • The maximum quantum of finance shall not exceed Rs 50000.00

    MARGIN

    • Nil

    SECURITY

    • Primary
      Nil
    • Collateral
      Nil for Employees of J&K State Govt. / Central Govt. / Semi Govt. Departments/ Bodies/ Agencies and PSU’s maintaining salary accounts with our Bank.
    • For others- Third Party Guarantee of ONE person acceptable to Bank and having sufficient net worth to withstand the liability.

    PROCESSING CHARGES

    • Rs. 500.00 plus applicable GST.

    RATE OF INTEREST (SUBJECT TO CHANGE)

    • Fixed rate of interest @ 3 year MCLR plus 3 % with monthly rests.

    Click here for rate of Interest

    TENOR

    • Maximum Tenor of Loan shall not exceed 36 months.

    F112F5FA 168C 4ADB 9222 DB1B840B9CF4

    The post J&K Bank Solar Equipment Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.

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    #Bank #Solar #Equipment #Finance #Scheme #Check #Eligibility

    ( With inputs from : kashmirpublication.in )

  • J&K Bank Solar Equipment Finance Scheme Check Eligibility

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    8FE7849C B144 4498 8FF8 2D1476C6FAB6

    PURPOSE

    • For Purchase & Installation Of Off-Grid Solar Lighting & Photo –Voltaic Systems (Solar Inverters). The Finance Shall Be Granted For The Purchase Of The System From Authorized Dealers Of Reputed Companies.

    ELIGIBILITY

    • Confirmed Employees of: Government /Semi-Government Departments/Bodies/Agencies & Public Sector Undertakings.
    • Permanent Employees of Private Companies or Reputed Establishments with minimum 2 years association with the Current Employer and maintaining salary account with us.
    • Professionals, Self Employed Individuals & Businessmen with at least 2 years of experience in profession/business
    • Retired Govt. Employees with age not more than 70 years on maturity of loan.
    • Persons engaged in agricultural and allied activities.

    QUANTUM OF FINANCE

    • Individuals: 12 times net monthly salary/ pension / income.
      Persons engaged in agricultural and allied activities: Maximum of 2 times net annual income as certified by concerned Tehsildar.
    • The maximum quantum of finance shall not exceed Rs 50000.00

    MARGIN

    • Nil

    SECURITY

    • Primary
      Nil
    • Collateral
      Nil for Employees of J&K State Govt. / Central Govt. / Semi Govt. Departments/ Bodies/ Agencies and PSU’s maintaining salary accounts with our Bank.
    • For others- Third Party Guarantee of ONE person acceptable to Bank and having sufficient net worth to withstand the liability.

    PROCESSING CHARGES

    • Rs. 500.00 plus applicable GST.

    RATE OF INTEREST (SUBJECT TO CHANGE)

    • Fixed rate of interest @ 3 year MCLR plus 3 % with monthly rests.

    Click here for rate of Interest

    TENOR

    • Maximum Tenor of Loan shall not exceed 36 months.

    8FE7849C B144 4498 8FF8 2D1476C6FAB6

    The post J&K Bank Solar Equipment Finance Scheme Check Eligibility and Rate of Interest appeared first on Kashmir Publication.

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    #Bank #Solar #Equipment #Finance #Scheme #Check #Eligibility

    ( With inputs from : kashmirpublication.in )