Goldi Solar and YES BANK Partner to Finance Solar Projects

Goldi Solar, a renowned solar brand in India known for its commitment to quality, has joined forces with YES BANK to enable financing for solar projects targeting Micro, Small, and Medium Enterprises (MSME) customers. This collaboration falls under the umbrella of YES BANK’s YES KIRAN program, which aims to provide financial assistance to MSME manufacturers seeking to install solar panels on their premises.

Commenting on the collaboration, Capt. Ishver Dholakiya, Founder & Managing Director of Goldi Solar, expressed his optimism regarding the growing inclination of Indian MSMEs towards green energy solutions. He expects a surge in small businesses adopting solar power, which will reduce electricity costs and enhance their access to clean energy. Furthermore, this trend will play a significant role in India’s energy security and decarbonization journey.

Through this initiative, Goldi Solar and YES BANK will streamline the loan application process for solar projects sourced from all corners of the country. This financing option will be available to various business entities, including commercial institutions, industries, resorts, hotels, manufacturing units, and warehouses. By utilizing this secure financing instrument, these enterprises can transition to solar power, bolstering their competitiveness in domestic and international markets. Moreover, this move contributes to India’s energy security and aligns with efforts to decarbonize the power sector.

Bharat Bhut, Co-Founder and Director of Goldi Solar, highlighted the convenience offered to borrowers through a digital platform to facilitate seamless application processing for solar projects. The Solar Finance Scheme enables MSME industries to secure up to INR 30 million loans. YES BANK, as Goldi Solar’s esteemed partner, will deliver end-to-end services and ensure a hassle-free journey for loan applicants seeking to finance their solar projects.

One of the key advantages of this partnership is the provision of technical assistance to consumers at their doorstep, ensuring a seamless transition to solar power. Loan approvals will be expedited, allowing businesses to implement their solar projects more efficiently. The Goldi Solar and YES BANK partnership aims to accelerate solar power adoption among MSMEs in India, enabling them to harness the benefits of clean energy while reducing their dependence on traditional power sources. As sustainability becomes increasingly crucial, such initiatives pave the way for a greener future, benefiting businesses, the economy, and the environment.

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