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November 20, 2005
India offers loans for popularising alternative energy sources
Source: Express News Service
Lucknow: To popularise the use of non-conventional power resources, the Central government has planned to provide loans for purchasing of instruments working on non-conventional energy at easy interest rates. This was informed by Non-Conventional Energy Development Agency director Sanjay Bhusreddy.
Through a press note issued in this regard by the Information department, Sanjay Bhusreddy informed that bank loans would be ate for solar water heater used in households. For offices, colleges and management institutions, the loans would be given out at the rate of three per cent.
The industrial and commercial establishments would have to pay an interest of five percent o bank loans for them. These interest rates have been fixed for the year 2005-06.
Posted by admin at November 20, 2005 07:00 PM