Axis Bank launches Rooftop Solar Finance for MSMEs

MUMBAI: Axis Bank, on Thursay, has announced the launch of Rooftop Solar Finance, a tailored financing solution to support Micro, Small, and Medium Enterprises (MSMEs) in transitioning to solar energy and optimising energy costs through energy self-reliance.

Under this program, MSMEs can avail collateral-free loans from Rs 10 lakh to Rs 2 crore, with flexible repayment tenures of 4–7 years. This structure allows MSMEs to invest in rooftop solar systems without putting pressure on their balance sheets or working capital cycles. This is aimed to help them lower operating expenses, gain greater control over energy costs, and build long-term financial resilience.

The product is available nationwide through Axis Bank’s branch network. The Bank has partnered with leading Original Equipment Manufacturers (OEMs). Axis Bank has also collaborated with a Technology Partner to provide MSMEs with enhanced transparency throughout the solar adoption journey, including system costs, projected savings, and execution timelines.