Rising electricity costs remain one of the biggest challenges for Micro, Small, and Medium Enterprises (MSMEs) in India. In a major boost to clean energy adoption and MSME sustainability, Axis Bank has launched Rooftop Solar Finance for MSMEs, enabling businesses to switch to solar power with affordable financing. (Axis Bank Rooftop Solar Finance for MSMEs)
This initiative supports India’s renewable energy goals while helping MSMEs reduce operational costs, improve profitability, and achieve energy independence.
What Is Axis Bank Rooftop Solar Finance for MSMEs?
Axis Bank’s Rooftop Solar Finance is a dedicated lending solution designed to help MSMEs install rooftop solar power systems at their business premises. Instead of making a large upfront investment, MSMEs can finance the solar installation through structured loans with flexible repayment options.
The scheme is ideal for manufacturing units, warehouses, retail outlets, offices, hospitals, hotels, and service enterprises with suitable rooftop space.
Why Rooftop Solar Matters for MSMEs
Electricity expenses form a significant part of MSME operating costs. Rooftop solar systems help businesses:
- Generate their own clean power
- Reduce dependency on grid electricity
- Protect against rising power tariffs
- Enhance long-term cost predictability
With bank financing now available, solar adoption becomes both financially viable and operationally simple.
Key Features of Axis Bank Rooftop Solar Finance for MSMEs
Axis Bank has structured this product to ensure that the transition to green energy doesn’t strain your company’s liquid cash or balance sheet.
| Feature | Details |
| Loan Amount | ₹10 Lakh to ₹2 Crore |
| Collateral | Collateral-Free options available (subject to eligibility) |
| Tenure | Flexible repayment between 4 to 7 years |
| Availability | Nationwide through Axis Bank’s branch network |
| Partnerships | Tie-ups with leading OEMs and Technology Partners |
Eligibility and Documentation
While specific terms may vary based on your business profile, the general requirements for MSME financing at Axis Bank include:
- Ownership: Possession of the rooftop rights where the installation is proposed.
- Udyam Registration: A valid MSME registration is mandatory.
- Business Vintage: Usually a minimum of 3 years in operation.
- Financial Health: Audited balance sheets and a stable credit score (typically 680+).
Who Can Avail Axis Bank Rooftop Solar Finance?
The scheme is suitable for:
- Udyam-registered MSMEs
- Manufacturing and service enterprises
- Businesses with owned or long-term leased rooftops
- Units with stable electricity consumption
- Existing or new Axis Bank MSME customers
Both existing enterprises and expansion projects can benefit from this financing option.
How to Apply for Axis Bank Rooftop Solar Finance
MSMEs can apply through:
- Axis Bank Branches – Contact the nearest MSME relationship manager
- Axis Bank Official Website – Submit an enquiry under MSME/Green Finance
- Solar Vendor Tie-Ups – Axis Bank partners with approved solar installers for smoother processing
Basic documents typically include business KYC, financial statements, electricity bills, and rooftop ownership/lease details.