In a significant step towards enabling wider adoption of solar energy amongst MSMEs in the country, Luminous Power Technologies, India’s leading consumer energy fulfilment company, has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI).
The partnership aims to expand faster access to structured, affordable financing for MSMEs, supporting their green energy transition.
Through this collaboration, Luminous will leverage SIDBI’s strong institutional framework and established focus on MSME financing to simplify access to solar loans for businesses across India. As part of the partnership, MSMEs will be able to avail loans of up to ₹50 crore with flexible repayment tenures of up to 10 years.
The offering includes up to 2% interest subsidy on eligible loans (up to ₹2 crore), bringing the effective interest rate starting from 6.7%, making it one of the most competitive financing options available in the market. The process is supported by minimal documentation requirements, a fully digital journey, and faster loan approvals with sanctions in as little as 7 days.
Additionally, the partnership enables up to 100% project funding, supported by cash collateral in the form of SIDBI Fixed Deposit Receipts (FDRs) and concessional interest rates linked to customers’ credit ratings. These features collectively aim to ease capital constraints for MSMEs and accelerate decision-making for solar investments.
With Luminous’ PAN India presence and SIDBI’s dedicated MSME-oriented schemes, the partnership is designed to strengthen access to affordable financing with faster approvals, a key factor in driving solar adoption. The collaboration is expected to enhance on-ground execution by improving access to financing at the last mile, thereby driving greater adoption across businesses. This partnership with SIDBI further reinforces Luminous’ commitment to democratising access to clean energy and enabling India’s MSME sector to play a pivotal role in the country’s sustainable growth journey.
With a comprehensive solar ecosystem that includes product manufacturing, installation, digital project management, and after-sales service, Luminous continues to simplify the end-to-end solar journey for its customers. The company offers PAN-India support through 350+ service centres, 24-hour response timelines, and multiple customer touchpoints, ensuring a seamless and reliable experience.
