Claro Energy gets 12.4 Crore credit facility from RBL Bank

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Claro Energy,a leading solar water pumping solution provider, has received $2million (Rs 12.4 crore) credit facility from RBL Bank to ramp up its solar pumping business. Of the total amount, $1 million is a direct line of credit to meet working capital needs and another $1 million is a commitment from the Bank to wards direct farmer financing for the company’s solar water pumps,it said in a statemen