Separate Bank Guarantee Not Needed for Solar Projects Under KUSUM Program: MNRE

Earnest money deposits of successful bidders will now be converted into performance bank guarantees

May 18, 2022

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The Ministry of New and Renewable Energy (MNRE) has scrapped the need for a separate performance bank guarantee for solar projects to be set up under the Component A of the Pradhan Mantri Kisan Urja Suraksha Evem Utthan Mahabhiyan (KUSUM) program.

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Arjun Joshi

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Separate Bank Guarantee Not Needed for Solar Projects Under KUSUM Program: MNRE

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