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Microfinancing Decentralized Solar Energy Systems in India: Innovative Products through Group Approach

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Innovating Energy Access for Remote Areas: Discovering Untapped Resources
About the International DAAD-Alumni Summer School, Sustainable Provision of Rural RE
Programme
Participants Presentations
Speaker Presentations


Microfinancing Decentralized Solar Energy Systems in India: Innovative Products through Group Approach

Presenter: Satish Pillarisetti, (National Bank for Agriculture and Rural Development, India)



Overview

The apex development bank in India-NABARD (National Bank for Agriculture and Rural Development) first facilitated the microfinancing scheme for solar home lighting system by rural banks. This turned out to be a success and the government introduced a subsidy linked bank credit programme to upscale and mainstream the programme. Initially the programme met with only a limited success as it had too many loose ends. Later, with a number of modifications, the programme gradually took off and is now making steady progress. However, NABARD realized that there are many areas and communities which may not be able to benefit by this scheme and may need a different financial product. NABARD developed group based products for such communities. These products are based on a partnership with NGOs, and at times involving retail banks. The successful take off of two such products is discussed here[1].
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References

  1. ↑ Microfinancing decentralized solar energy systems in India: Innovative products through group approach.Satish Pillarisetti.


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