Question
Which of the following statements is/are correct about
Tata Power Solar System's partnership with ICICI Bank? • Statement 1: The partnership offers collateral-free loans up to ₹9 million. • Statement 2: The loans can only be extended for up to 5 years. • Statement 3: The loans are available exclusively for corporate consumers.Solution
Statement 1 is correct as the partnership offers collateral-free loans up to ₹9 million. Statement 2 is incorrect because loans can be extended up to 20 years with collateral. Statement 3 is incorrect as the loans are available for both residential and corporate consumers.
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