Luminous Power SIDBI Partnership: Luminous Power Technologies has signed an MoU with the Small Industries Development Bank of India (SIDBI). Luminous Power SIDBI partnership aims to expand faster access to structured, affordable financing for MSMEs, supporting their green energy transition.
Luminous Power Technologies is India’s leading consumer energy fulfilment company
Luminous said that through this collaboration, the company will leverage SIDBI’s strong institutional framework and established focus on MSME financing to simplify access to solar loans for businesses across India.
Luminous Power SIDBI Partnership
As part of the partnership, MSMEs will be able to avail loans of up to Rs 50 crore with flexible repayment tenures of up to 10 years. The offering includes up to 2 per cent interest subsidy on eligible loans (up to Rs 2 crore), bringing the effective interest rate starting from 6.7 per cent, 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 per cent 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.
Luminous Power SIDBI Partnership For MSME
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,” the company said in a statement.
With a legacy spanning over 38 years, Luminous Power Technologies is a leading provider of energy solutions, dedicated to advancing India’s clean energy shift with a strong focus on innovation and sustainability.
