New Delhi, April 22 -- Luminous Power Technologies has signed a memorandum of understanding (MoU) with Small Industries Development Bank of India (SIDBI) to enhance access to affordable solar financing for micro, small and medium enterprises (MSMEs) across the country. The collaboration aims to simplify financing for solar energy adoption by MSMEs through structured loan offerings, with funding of up to Rs 50 crore and repayment tenures extending up to 10 years. Subsidised loans and faster approvals Under the arrangement, eligible MSMEs can avail loans of up to Rs 2 crore with an interest subsidy of up to 2 percent, reducing effective interest rates to as low as 6.7 percent, reported The Economic Times. The process will be largely d...