Solution

The partnership between the Bank of India (BoI) and Tata Power Solar Systems Limited (TPSSL) focuses on providing easier financing options for the installation of rooftop solar panels and electric vehicle (EV) charging stations. This collaboration is specifically aligned with the objectives of the PM-Surya Ghar: Muft Bijli Yojana, which aims to promote the adoption of rooftop solar systems across various sectors including households, societies, and micro, small, and medium enterprises (MSMEs). The initiative seeks to make solar energy more accessible to a wider audience by streamlining the loan and financing process, thereby supporting the government's agenda to increase solar energy capacity and usage in India. The partnership marks TPSSL as the first solar company to collaborate with BoI under this framework, underlining a strategic move to support national renewable energy goals. This collaboration does not directly relate to the other listed initiatives which focus on different aspects of development and infrastructure.