UP's rural banks to provide loans to spur use of solar lighting - solar street lighting system

To promote the use of solar energy in Uttar Pradesh, the state's rural banks will provide small loans to village committeesfinance scheme.
To promote the use of solar energy in Uttar Pradesh, the state's rural banks will provide small loans to village committees
Financing plans to enable houses to install solar lighting systems.
The Rural Bank will provide a loan of Rs 10 crore to each household using solar lighting system at a rate of 5%, and a company spokesman said the company will pay each rs50 in installments within five years
The traditional Energy Development Authority said here.
He said that in the current finance, the goal of providing loans for solar lighting has been set.
According to the plan, three branches of a bank that perform well in this area will receive Rs3-
0. 2 million, the spokesman said.
He said that villages where all homes are starting to use solar household lights will also receive a cash reward of Rs 1 per person.
"The village committee can use the incentive funds to install solar street lights in public places or to purchase additional equipment," he said . ".
According to the plan, if banks impose sanctions on loans of £ 3,000
6,000 solar home light, which will acquire Rs3lakh for capacity-building, Rs15lakh for creating awareness among people, Rs2lakh for software manuals for Rs3lakh for best three branches and another Rs2lakh for training and monitoring.