Goldi Solar, renowned as India’s top-quality solar brand, has collaborated with YES BANK to provide financing for solar projects catering to Micro, Small, and Medium Enterprises (MSME) customers under the YES KIRAN program. Through this initiative, YES BANK will extend financial support to MSME manufacturers interested in installing solar panels on their premises.
This partnership will establish a platform to facilitate loan applications for solar projects across the nation, targeting various business entities such as commercial institutions, industries, resorts, hotels, manufacturing units, and warehouses. By utilizing this secure financing mechanism, these entities can transition to solar power. Additionally, customers will benefit from doorstep technical assistance and expedited loan approvals.
Captain Ishver Dholakiya, Founder & Managing Director of Goldi Solar, expressed enthusiasm about the collaboration, stating that Indian MSMEs have increasingly embraced green energy solutions in recent years. The partnership aims to assist more small businesses in adopting solar power, enhancing their competitiveness in domestic and international markets while contributing to India’s energy security and power decarbonization. The financing solution provided in collaboration with YES BANK will enable MSMEs to reduce electricity costs and improve their access to clean energy.
Bharat Bhut, Co-Founder and Director of Goldi Solar, emphasized that borrowers can easily apply for solar project loans through a digital platform. Through the Solar Finance Scheme, MSME customers can secure loans of up to INR 30 million. YES BANK, as the partner in this venture, will ensure a seamless and hassle-free experience for loan applicants seeking financing for their solar projects.