Baroda Energy Efficiency Project (BEEP) Finance BEEP Finance
Bank of Baroda finance for energy saving projects at micro and small units, lent to the unit or to an energy services company and repaid from the energy savings.
Last updated on
- Status
- Open
- Run by
- Bank of Baroda
What you get
- From ₹10 lakh to ₹15 crore per project
- Repay over up to 5 years, including a moratorium
- SIDBI guarantee of up to 75% of the loan, with a graded fee paid by the borrower
- Repaid from the money saved on energy, through an escrow account
Who can apply
- Businesses that are already running.
- Micro and small enterprises.
- The most on offer is ₹15 crore.
- Energy services companies or host units in the micro and small category
- Collateral of at least 25% of the loan
- A reserve of 3 months of instalments is taken upfront
How to apply
- Find your nearest branch with the branch locator and ask about BEEP Finance
In person, nearest Bank of Baroda branch, or call 1800 5700 or 1800 5000
In Kerala, any Bank of Baroda branch in Kerala. The page gives no online form for this product
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.