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    Question

    Recently WAAREE, India's largest Solar Panel

    manufacturer, has entered into an agreement with which public sector bank for availing unsecured financing for solar projects through Surya Shakti Solar Finance Scheme?
    A Punjab National Bank Correct Answer Incorrect Answer
    B Union Bank of India Correct Answer Incorrect Answer
    C State Bank of India Correct Answer Incorrect Answer
    D Indian Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Working Capital for channel partners-WAAREE, India's largest Solar Panel manufacturer, has entered into an agreement with SBI for availing unsecured financing for solar projects through Surya Shakti Solar Finance Scheme and providing working capital for Channel Partners under EDFS (Electronic dealer finance scheme). It intends to leverage over 500 Cr of a credit line and provide a digital platform for a hassle-free journey to loan applicants for financing solar projects.

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