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Baroda Energy Efficiency Project (BEEP) Finance

Baroda Energy Efficiency Project (BEEP) Finance
  • The loans to ESCO or Host entity falling under Micro & Small category
  • The minimum & maximum loan per project Rs. 10 lacs & Rs. 15 crores respectively
  • Maximum loan tenor shall be 5 years including moratorium period
  • SIDBI guarantee upto 75% of the loan amount
  • Guarantee Fee is slab-wise and based on grading of ESCO and payable by the borrower
  • Minimum collateral required under the scheme is 25% of loan amount.
  • DSRA equivalent to 3 months EMI to be obtained upfront
  • ROI and other service charges as applicable for MSE borrowers
  • The Host entity will deposit proceeds due to actual energy savings in TRA/ Escrow account. The loan recovery will be from TRA/ Escrow account
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