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Microfinancing Decentralized Solar Energy Systems in India: The Stage set for Diversification to Irrigation
Presenter: Satish Pillarisetti
| The microfinancing scheme for solar home lighting system introduced by rural banks in India turned out to be a success. Having learnt from this programme, 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. Later, NABARD developed group based products for isolated and inaccessible communities, which were implemented through partner agencies like NGOs and other civil society organizations. Agriculture is a major power consuming sector in India. However solar irrigation pump sets have not taken off in India. This paper looks at the historical evolution of government led off-grid solar energy finance schemes and possibilities of mainstreaming the financing of solar irrigation pump sets in the light of experiences of some state governments and the new scheme launched the Government of India.
Satish Pillarisetti: Micro Perspective for Decentralized Energy (MES) 2015, Bangalore, India.