KHOJinINDIA.com is the India's leading business-to-business (B2B) Media Company that facilitates global trade, with a particular focus on the Indian market.

Latest Shots

Get in touch

Reach to us

173 Street West Gurugram, Gurgaon, Harayana, India

Bridge Loan Against Generation-Based Incentive GBI Claims

Bridge Loan Against Generation-Based Incentive (GBI) Claims

  • Indian Renewable Energy Development Agency (IREDA)
  • Alt text

    Bridge Loan Against Generation-Based Incentive (GBI) Claims

    Indian Renewable Energy Development Agency (IREDA)


    Generation Based Incentive (GBI) was announced by the Ministry of New and Renewable Energy (MNRE) for Grid Interactive Wind and Solar Power Projects with the main aim to broaden the investor base, facilitate the entry of large Independent Power Producers and to provide level playing field to various classes of investors. The GBI is provided over and above the feed in tariff approved by State utilities


    Eligibility For Discounting Of GBI Claims
    RE developers who have already submitted a valid GBI claim under GBI Scheme at IREDA, which is processed and pending for release of payment on account of nonavailability of funds, will be eligible under this scheme.
    Extent Of Assistance
    • Up to 80% of the existing pending eligible GBI claim, as verified by the IREDA GBI group.                                                                                                                              
    • Minimum loan assistance – Rs.20 Lakhs.

    Based on verification by IREDA- GBI group regarding pending eligible GBI claim of the applicant in line with existing GBI policy.

    0.90% p.m. (10.80% pa) to be adjusted from the GBI receipts from MNRE against the claim. Shortfall, if any, will be payable by the borrower on demand. The interest shall be calculated on daily basis and shall be charged during the currency of the Bridge loan/till the same is paid/adjusted against the GBI release by MNRE/paid by the borrower

    The amount of loan assistance/ Bridge loan shall be within the unutilized funds of Government Budget/MNRE Scheme for Generation Based Incentive (GBI) for Grid Interactive Wind & Solar Power Project.                                                                                                                                                                                                                   

    • In case it is felt that the recovery/payment of GBI amount against which loan assistance has been provided is doubtful, borrower will be liable to pay on demand entire such amount including interest and other charges to IREDA.                                                                                                                                                                                          

    • IREDA will also have the option to adjust its dues against any other claim of the borrower being handled by IREDA in case of any shortfall.

    Loan amount to be recovered out of GBI proceeds received / to be received from MNRE. Shortfall, if any, will be recovered from the borrower, which will be payable on demand.

    Charge on GBI receivables from MNRE. The Charge shall be created by the borrower within stipulated time as indicated by ROC

    Click here to Login for online registration for wind GBI scheme


    Back To Top