New Delhi, Feb. 5 -- Axis Bank has announced the launch of Rooftop Solar Finance, a dedicated financing product aimed at helping micro, small and medium enterprises (MSMEs) shift to solar energy and manage energy costs through greater self-reliance.

Loan Structure and Eligibility

Under the scheme, MSMEs can access collateral-free loans ranging from Rs 10 lakh to Rs 2 crore, with repayment tenures between four and seven years.

The bank said the structure is designed to enable investment in rooftop solar installations without straining balance sheets or working capital.

Cost and Energy Benefits

By supporting the installation of self-owned rooftop solar systems, the initiative is expected to help MSMEs reduce operating expenses, improve...