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Scheme for Financing Energy Efficiency Projects

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Scheme for Financing Energy Efficiency Projects


Financing SMEs for acquisition of equipments, services and adopting measures for enhancement of energy efficiency/conservation of energy.

SME units financed by bank as also other units desirous of shifting their account to Bank of Baroda.


Upto 75% of the total project cost, subject to maximum of Rs. 1/- crore. (Minimum amount of loan Rs. 5/- Lakhs).

Project cost may include the following

  • Cost of acquisition/modification/renovation of equipment/software.
  • Cost of alterations to existing machinery.
  • Cost of structural / layout changes.
  • Cost of energy audit/consultancy.
  • Preparation of Detailed Project Report (DPR).


  • For Sole Banking Accounts : Extension of first charge on all fixed assets.
  • For Consortium/Multiple Banking Accounts : first charge on equipments acquired out of loan and collateral, if any, with the total security coverage being not less than 1.25.

Grant from IREDA

IRDEA, at present, gives a grant of Rs. 25,000/- for projects costing Rs. 1/- crore or below to meet partial cost of Energy Audit. This grant is available for the first 100 projects (SME Sectors only) approved by them.

Base rate plus 4.00% p.a

Repayment Period

Maximum 5 years, including moratorium, if any.

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