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PNB KUSUM Scheme — Solar Energy

PNB term finance for -KUSUM solar projects. Component A has a published maximum of ₹10 crore; Components B, C (IPS) and C2 (FLS) are need-based. Tenure, security, eligibility and documents differ by component.

Interest rate by internal ratingThree-month MCLR plus rating spread: A1–A3, 8.50% p.a.; A4–B1, 8.75% p.a.; B2, 10.00% p.a.; B3 and below, 11.00% p.a. Small and marginal farmers rated up to B1: 8.50% p.a. These current examples use PNB's 8.50% three-month MCLR effective 01-10-2026; the scheme sheet's embedded 8.40% note is stale.Maximum finance by componentComponent A: maximum ₹10 crore. Components B, C (IPS) and C2 (FLS): need-based; the PNB sheet gives no numeric ceiling for these three components.Maximum term by componentComponent A: 15 years. Component B: 10 years. Component C (IPS): 10 years. Component C2 (FLS): 15 years.
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PNB KUSUM Scheme — Solar Energy

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: A/C2: application form, letter of award, power purchase agreement, status-cum-net-worth report, authority letter for insurance, asset hypothecation to secure the term loan, term-loan agreement and agreement of guarantee?

Published source: Required documents by component and loan amount

2Do you meet this requirement: B/C (IPS), up to ₹2 lakh: simplified application-cum-sanction and hypothecation agreement?

Published source: Required documents by component and loan amount

3Do you meet this requirement: B/C (IPS), above ₹2 lakh: agricultural-credit application, hypothecation agreement, deed of guarantee and mortgage deed where applicable?

Published source: Required documents by component and loan amount

4Do you meet this requirement: facility agreement for term loan, sanction letter and prescribed annexure/appendix?

Published source: Required documents by component and loan amount

5Document checkDo you have this required document or proof: Components A and C2 (FLS): application form, letter of award, power purchase agreement, status-cum-net-worth report, authority letter for insurance, asset hypothecation to secure the term loan, term-loan agreement and agreement of guarantee?

Published source: Required documents by component and loan amount

6Document checkDo you have this required document or proof: Components B and C (IPS), loans up to ₹2 lakh: simplified application-cum-sanction and hypothecation agreement?

Published source: Required documents by component and loan amount

7Document checkDo you have this required document or proof: Components B and C (IPS), loans above ₹2 lakh: agricultural-credit application, hypothecation agreement, deed of guarantee and mortgage deed wherever applicable; also facility agreement for term loan, sanction letter and prescribed annexure/appendix?

Published source: Required documents by component and loan amount
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 7 Oct 2026 · active
Offered byPunjab National Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Financed project purposeComponent A: ground/stilt-mounted grid-connected solar power plants. Component B: standalone solar agriculture pumps. Component C (IPS): individual-pump solarisation. Component C2 (FLS): feeder-level solarisation.View source
The PNB sheet names Component A, Component B, Component C individual pump solarisation and feeder-level solarisation as four purposes.
Source
PNB KUSUM Scheme — Solar Energy finance terms
Page / section
p.1, component purposes
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Facility formTerm loan; the sheet's listed common documents include a facility agreement for term loan and term-loan agreement.View source
Components A and C2 list term-loan agreement; Components B and C (IPS) list facility agreement for term loan.
Source
PNB KUSUM Scheme — Solar Energy finance terms
Page / section
pp.1–4, Documentation guidelines
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Maximum finance by componentComponent A: maximum ₹10 crore. Components B, C (IPS) and C2 (FLS): need-based; the PNB sheet gives no numeric ceiling for these three components.View source
Component A has a maximum amount of ₹10 crore; each of B, C (IPS) and C2 (FLS) is marked need-based.
Source
PNB KUSUM Scheme — Solar Energy finance terms
Page / section
pp.1–4, Loan Quantum column
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Interest rate by internal ratingThree-month MCLR plus rating spread: A1–A3, 8.50% p.a.; A4–B1, 8.75% p.a.; B2, 10.00% p.a.; B3 and below, 11.00% p.a. Small and marginal farmers rated up to B1: 8.50% p.a. These current examples use PNB's 8.50% three-month MCLR effective 01-10-2026; the scheme sheet's embedded 8.40% note is stale.View source
The publishes , +0.25%, +1.50%, +2.50%, with a small/marginal farmer rate up to B1 at three-month . PNB's current page publishes the three-month base as 8.50%; displayed examples are the arithmetic sums, not a separately published PNB rate card.
Source
PNB KUSUM Scheme — Solar Energy finance terms; PNB rates
Page / section
Scheme pp.1–4, column and internal-rating subtable; current page, three-month tenor effective 01-10-2026
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Rate benchmarkPNB three-month MCLR; 8.50% effective 01-10-2026.View source
The scheme specifies (3 months), and PNB publishes the current three-month as 8.50%.
Source
PNB Interest Rates on Advances — current and agriculture scheme rates
Page / section
W.E.F. 01-10-2026, three-month row
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Maximum term by componentComponent A: 15 years. Component B: 10 years. Component C (IPS): 10 years. Component C2 (FLS): 15 years.View source
Component A/C2 are 15 years; Component B and C (IPS) are 10 years.
Source
PNB KUSUM Scheme — Solar Energy finance terms
Page / section
pp.1–4, Term Period column
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Security by componentComponent A: no collateral required in the form of IP; the financed asset is hypothecated. Components B and C (IPS): charge on land under the concerned State Agricultural Credit Operations law, mortgage of agricultural land, or SARFAESI-compliant immovable property valued at 75% of the loan for other farmers and 50% for small and marginal farmers. Component C2 (FLS): security of at least 30% of the loan amount as SARFAESI-compliant immovable property and/or bank-acceptable liquid security and/or CGTMSE coverage under bank guidelines.View source
The source distinguishes Component A's no-IP-collateral row, B/IPS land or property security, and C2's minimum 30% cover options.
Source
PNB KUSUM Scheme — Solar Energy finance terms
Page / section
pp.1–4, Collateral and Documentation columns
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
AIF eligibility by componentEligible under AIF: Components A, B and C (IPS). Not eligible under AIF: Component C2 (FLS).View source
This records only the scheme's column, not borrower eligibility; the PNB sheet does not give an age or income rule.
Source
PNB KUSUM Scheme — Solar Energy finance terms
Page / section
pp.1–4, 'If eligible under ' column
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Required documents by component and loan amountA/C2: application form, letter of award, power purchase agreement, status-cum-net-worth report, authority letter for insurance, asset hypothecation to secure the term loan, term-loan agreement and agreement of guarantee. B/C (IPS), up to ₹2 lakh: simplified application-cum-sanction and hypothecation agreement. B/C (IPS), above ₹2 lakh: agricultural-credit application, hypothecation agreement, deed of guarantee and mortgage deed where applicable; facility agreement for term loan, sanction letter and prescribed annexure/appendix.View source
The full document lists separate checklists for A/C2 and B/C (IPS) by loan amount.
Source
PNB KUSUM Scheme — Solar Energy finance terms
Page / section
pp.1–4, Documentation guidelines
Accessed
7 Oct 2026
Confidence
high
Open official source ↗
Conditional prepayment and foreclosure chargesPNB's tariff section 10.15: when a non-individual borrower shifts a term loan to another bank/FI, 2% of the prepaid amount; for cash-credit/overdraft closed before its due date, 2% of the sanctioned limit. No cash-credit/overdraft closure fee if the borrower gives written non-renewal notice 3 months before the due date and closes on that date. The same section exempts floating-rate loans to individuals for non-business purposes and to individuals/MSEs for business purposes, with or without co-obligants, with no lock-in; further listed exceptions include MSE borrowers, borrower-owned funds and specified rate-reset/term-change cases. Applicability depends on borrower/facility type and the exact sanction terms.View source
The schedule applies the 2% rate only to the specified non-individual takeover cases and explicitly lists zero-charge exemptions; it is not a universal -KUSUM prepayment fee.
Source
PNB Credit Related Service Charges — current page
Page / section
Section 10.15, prepayment/foreclosure and exemptions; page last updated 01-10-2026
Accessed
7 Oct 2026
Confidence
high
Open official source ↗

Benefits and features

  • Component A: ground/stilt-mounted grid-connected solar power plants, with finance up to ₹10 crore and tenure up to 15 years.
  • Component B: standalone solar agriculture pumps; Component C (IPS): individual pump solarisation; Component C2 (FLS): feeder-level solarisation.
  • The PNB sheet marks Components A, B and C (IPS) eligible under ; Component C2 (FLS) is not marked eligible.

Documents the bank lists

  • Components A and C2 (FLS): application form, letter of award, power purchase agreement, status-cum-net-worth report, authority letter for insurance, asset hypothecation to secure the term loan, term-loan agreement and agreement of guarantee.
  • Components B and C (IPS), loans up to ₹2 lakh: simplified application-cum-sanction and hypothecation agreement.
  • Components B and C (IPS), loans above ₹2 lakh: agricultural-credit application, hypothecation agreement, deed of guarantee and mortgage deed wherever applicable; also facility agreement for term loan, sanction letter and prescribed annexure/appendix.

Related official documents

PNB Agriculture Credit Schemes catalogueofficial-product-catalogue · current-catalogue-page · accessed 7 Oct 2026
↗
PNB Interest Rates on Advances — current agriculture and specific-scheme ratesofficial-rate-table · current · accessed 7 Oct 2026
↗
PNB Credit Related Services Charges — historical scheme-specific search-index excerptofficial-service-charge-page-historical-index-excerpt · stale-indexed-excerpt-conflicts-with-current-page · accessed 7 Oct 2026
↗
PNB Credit Related Service Charges — current pageofficial-service-charge-page · current-charge-schedule-reviewed-scoped-sections · accessed 8 Oct 2026
↗
PNB PM KUSUM Scheme — Solar Energy finance termsofficial-agriculture-loan-scheme-pdf · text-layer-reviewed-visual-and-hash-pending · accessed 7 Oct 2026
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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

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A · Project purposeGround/stilt-mounted grid-connected solar power plants

This value is copied from -KUSUM component finance terms. Check the table notes before relying on it.

Source: PNB KUSUM Scheme — Solar Energy finance terms · pp.1–4; Component A, B, C (IPS) and C2 (FLS) tables Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 4 rows · 6 columnsPM-KUSUM component finance termsReconstructed across PNB's four-page component tables; PDF visual column alignment remains pending.View tableHide table

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PM-KUSUM component finance terms
ComponentProject purposeLoan quantumCollateral/securityTerm eligibility
AGround/stilt-mounted grid-connected solar power plantsMaximum ₹10 croreNo collateral required in the form of IP; asset hypothecation appears in documents15 yearsYes
BStandalone solar agriculture pumpsNeed-basedState-law land charge / agricultural-land mortgage / SARFAESI-compliant immovable property valued at 75% of loan for other farmers and 50% for small and marginal farmers10 yearsYes
C (IPS)Individual pump solarisationNeed-basedState-law land charge / agricultural-land mortgage / SARFAESI-compliant immovable property valued at 75% of loan for other farmers and 50% for small and marginal farmers10 yearsYes
C2 (FLS)Feeder-level solarisationNeed-basedMinimum 30% of loan amount via SARFAESI-compliant immovable property and/or bank-acceptable liquid security and/or coverage under bank guidelines15 yearsNo
PNB KUSUM Scheme — Solar Energy finance terms · pp.1–4; Component A, B, C (IPS) and C2 (FLS) tables · accessed 7 Oct 2026Open official source ↗
Table 2 · 5 rows · 3 columnsPNB PM-KUSUM interest spread by internal ratingFormula from the scheme sheet and a current benchmark example calculated from PNB's MCLR effective 01-10-2026.View tableHide table

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PNB PM-KUSUM interest spread by internal rating
Internal ratingPublished rate formulaCurrent example using 3-month 8.50%
A1 to A33-month 8.50% p.a.
A4 to B13-month + 0.25%8.75% p.a.
B23-month + 1.50%10.00% p.a.
B3 and below3-month + 2.50%11.00% p.a.
Small and marginal farmers with rating up to B13-month 8.50% p.a.
PNB KUSUM scheme details; PNB rates · Scheme pp.1–4, subtables; PNB table, three-month tenor effective 01-10-2026 · accessed 7 Oct 2026Open official source ↗
Table 3 · 3 rows · 2 columnsPNB PM-KUSUM document checklistComplete distinct checklists published for A/C2 and B/C (IPS).View tableHide table

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PNB PM-KUSUM document checklist
Component / amountDocuments stated by PNB
A and C2 (FLS)Application form; letter of award; power purchase agreement; status-cum-net-worth report; authority letter for insurance; hypothecation of asset to secure term loan; term-loan agreement; agreement of guarantee.
B and C (IPS), up to ₹2 lakhSimplified application-cum-sanction; hypothecation agreement.
B and C (IPS), above ₹2 lakhAgricultural-credit application; hypothecation agreement; deed of guarantee where applicable; mortgage deed where applicable; facility agreement for term loan; sanction letter; prescribed annexure/appendix.
PNB KUSUM Scheme — Solar Energy finance terms · pp.1–4, Documentation guidelines · accessed 7 Oct 2026Open official source ↗
Table 4 · 5 rows · 3 columnsPNB collateral-related charges that may applyBank tariff amounts are conditional on a chargeable search, valuation or mortgage being required; they are not scheme-specific processing fees.View tableHide table

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PNB collateral-related charges that may apply
ChargePublished amountScope / conditions
CERSAI creation/modification of security interestUp to ₹5 lakh: ₹50; above ₹5 lakh: ₹100. CERSAI search: ₹10. Satisfaction/correction: nil.PNB tariff section 11.4; applies when the stated registry service is used.
Legal opinion / NEC per propertyExposure up to ₹1 crore: Metro ₹3,000, urban/semi-urban ₹1,500, rural ₹1,000. Above ₹1 crore: Metro ₹4,000, urban/semi-urban ₹2,500, rural ₹1,500.Section 11.5; actual out-of-pocket expenses are additional. Revised schedule effective 01-11-2026 shows no change.
Valuation of property/assetsUp to ₹20 lakh ₹2,000; >₹20–50 lakh ₹3,000; >₹50 lakh–₹1 crore ₹4,000; >₹1–5 crore ₹8,000; >₹5–10 crore ₹12,000; >₹10–50 crore ₹15,000; >₹50 crore ₹25,000.Section 11.6; includes property/fixed assets/plant and machinery; realizable value is used. Revised schedule effective 01-11-2026 shows no change.
Mortgage creation, up to three mortgagesLoan up to ₹10 lakh: nil; >₹10 lakh–₹1 crore: ₹5,000; >₹1–10 crore: ₹15,000; >₹10 crore: ₹25,000. Above three mortgages: add ₹1,000 per additional mortgage.Section 11.8. No charge on same-level renewals or registered mortgages; not applicable to retail loans; excess-collateral mortgage waiver may be allowed case by case; enhancement/extension and title-deed substitution are chargeable. Revised schedule effective 01-11-2026 shows no change.
Term-loan disbursement directly to supplierNo cash-order/draft///other-mode issuance charge.Section 11.7, when funds are remitted directly to the supplier.
PNB Credit Related Service Charges — current page · Sections 11.4–11.8; page last updated 01-10-2026 · accessed 7 Oct 2026Open official source ↗
Table 5 · 5 rows · 2 columnsPNB prepayment charges and exemptions relevant to this loanSection 10.15 differentiates non-individual takeovers, facility type and floating-rate borrower exemptions.View tableHide table

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PNB prepayment charges and exemptions relevant to this loan
Borrower/facility casePublished charge or exemption
Non-individual term loan shifted to another bank/FI2% of the amount prepaid.
Non-individual cash-credit/overdraft closed before due date2% of sanctioned limit; nil if written non-renewal notice is given 3 months before due date and facility closes on due date.
Floating-rate loan to individual for non-business purpose, or to individual/ for business purposeNo prepayment charge, with or without co-obligant; applies to full or partial prepayment, any funding source, and no minimum lock-in.
Other enumerated exemptionsNo fee for borrowers; microfinance loans (except loans to -); eligible fixed-to-floating reset election; prepayment from borrower's own sources; specified spread/term revision transfers; qualifying benchmark-reset transfer; or bank-initiated closure.
Dual/special-rate loanFloating-rate exemption applies only if the loan is floating-rate when prepayment occurs.
PNB Credit Related Service Charges — current page · Section 10.15, pp./lines 824–830; page last updated 01-10-2026 · accessed 7 Oct 2026Open official source ↗

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