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Yes Bank launches solar financing program to aid MSMEs

Goldi Solar, India’s most quality-conscious solar brand, has partnered with YES BANK to finance solar projects for its Micro, Small and Medium Enterprises (MSME) customers, through YES BANK’s YES KIRAN programme.

* Under this programme, the Bank will offer financial assistance to MSME manufacturers, who wish to install solar panels at their premises.

* The platform will process all the loan applications for solar projects sourced from across the country for installation by business entities such as commercial institutions, industries, resorts, hotels, manufacturing units, and warehouses that can utilize this secured financing instrument to switch to solar power.

* Also, consumers can receive technical assistance at their doorstep and get loan approvals faster.

* Speaking on the partnership, Capt. Ishver Dholakiya, Founder & Managing Director of Goldi Solar, said, “Over the past few years, we’ve seen a significant behaviour shift in the Indian MSMEs towards green energy solutions. We anticipate that more small businesses will adopt solar power, increasing their competitiveness in domestic and international markets and contributing to India’s energy security and the decarbonization of power. With our partnership with Yes Bank, we’re excited to offer a financing solution to help MSMEs save on electricity costs and improve access to green energy.”..

Source : Solar Quarter

Published On : May 11, 2023
Category : Banking