Trust Power

To bring the rural & urban people under coverage of solar electricity, solar irrigation system to encourage the use of renewable energy or green energy, TIB has developed the product named “Trust Power”.

  • Purpose of the Product: To bring rural & urban people under coverage of solar electricity, solar irrigation system etc.
  • Eligibility: Must be a permanent resident of the locality with land ownership and in case of market the client must be a shop owner.
    • For Solar Mini/Micro Grid-SMG facility 50% members of the cluster must be permanent resident of the locality with land ownership.
  • Investment Limit:
    • Solar Home System-SHS/ Solar Photo Voltaic System-SPVS:
  • Individual: Maximum BDT50,000.00 or as per refinance scheme guideline of Bangladesh Bank
  • Cluster: Maximum BDT1,000,000.00 or as per refinance scheme guideline of Bangladesh Bank
    • Solar Mini/Micro Grid-SMG
  • Individual: Maximum BDT50,000.00 or as per refinance scheme guideline of Bangladesh Bank
  • Cluster: Maximum BDT2500,000.00 or as per refinance scheme guideline of Bangladesh Bank
    • Solar Irrigation Pumping System-SIPS
  • Individual: Maximum BDT100,000.00 or as per refinance scheme guideline of Bangladesh Bank
    • Cluster: Maximum BDT3500,000.00 or as per refinance scheme guideline of Bangladesh Bank
  • Tenure:
    • Maximum 4 years [including moratorium/grace period which is optional] for SHS/SPVS
    • Maximum 10 years with 9 months moratorium/grace period for SMG
    • Maximum 10 years with 6 months moratorium/grace period for SIPS
  • Rent/Profit Rate:
    • 11.00% p.a. for SHS/SPVS [subject to availability of BB refinance] or as per BB Guideline
    • 11.00% p.a. for SMG/SIPS [subject to availability of BB refinance] or as per BB Guideline
    • Rate may be changed from time-to-time by management as per BB Guideline