State Bank of India has signed agreements with the World Bank for a $625-million (around Rs 4,200 crore) facility to support grid-connected rooftop solar programme in the country. This will help SBI in financing grid connected rooftop solar photovoltaic (GRPV) projects at very competitive rates, the country's largest lender said in a statement. "This in turn will catalyse the market and support the government to faster achieve its target to generate 40 GW of electricity from widespread installation of rooftop solar photo-voltaic panels," it said. The eligible beneficiaries under the facility would be developers, aggregators and end-users, who wish to set up solar PV projects mainly on commercial, industrial and institutional rooftops. Through this initiative, at least 400 MW solar capacity will be created across the country.