Workshop conducted on Financing Solar Home Lighting Systems
14 June 2013 , Imphal
Bankers meet organised by NABARD and Mangaal Sustainable solutions
Mangaal Sustainable Solutions Pvt Ltd
Uripok Sorbon Thingel, Opp Pukhri Achouba,
Imphal West—795001
0385 - 2411314 // 8974086709
[email protected] // www.mangaal.com
NABARD, Manipur conducted a workshop today for banks in Manipur on financing of solar home lighting systems under the "Capital Subsidy Scheme for Solar Lighting and Small Capacity PV Sys-tems" under Jawaharlal Nehru National Solar Mission (JNNSM) of the Ministry of New and Re-newable Energy, GoI today at Anand Continental, Thangal Bazaar.
The workshop was facilitated by Mangaal Sustainable Solutions Pvt Ltd (www.mangaal.com), Uri-pok, Imphal, a Ministry of New and Renewable Energy, GoI(MNRE) approved dealer of Solar Home Lighting Systems in Manipur.
Representatives of State bank of India, United Bank of India, Manipur Rural Bank, Punjab Na-tional Bank, Vijaya bank, Central Bank of India, Manipur State Co-operative Bank attended the workshop.
Bankers meet organised by NABARD and Mangaal Sustainable solutions
The faculty of the workshop, Mr Naresh Joshi, Retd GM, Bank of India and Ex Chairman of Aryavart Gramin Bank UP) explained about solar energy and shared the example of how AGB has financed 70000 Solar Home Lighting Systems till date with a reported recovery rate of 94%. He also discussed the NABARD Capital Subsidy Scheme in detail with the bankers and requested them to finance solar systems. An important point noted was that this scheme is an area neutral scheme and any individual can avail financing under this scheme and is eligible for subsidy.
NABARD acknowledged that so far, there have not been many beneficiaries from Manipur under its scheme. They also stressed that, under this scheme, good quality solar home lighting systems from an MNRE approved dealer who provides good service can be made available at an affordable price through bank financing which can be conveniently repaid over 3-5 years of EMIs.
Bankers meet organised by NABARD and Mangaal Sustainable solutions
At the workshop today, MD of Mangaal, Devakishor Soraisam expressed the hope that with the help of bank financing, good quality solar home lighting systems with reliable service can be made accessible and affordable to everyone in the state, especially those from the rural areas instead of cheap and low quality products.
Event Facilitator,
Mangaal Sustainable Solutions Pvt Ltd
Devakishor, MD, Mangaal
* This Press Release was sent by Devakishor Soraisam, who can be contacted at dev(at)mangaal(dot)com
This Post is uploaded on June 14, 2013
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