The banking sector has a huge role to play in the growth of solar sector in the country.
In an effort to encourage use of solar power and generation of solar power, the bankers are showing keen interest in financing various solar energy schemes. India-based Canara Bank organised a one-day workshop for such parties in Madurai.
The workshop titled ‘Financing Solar Energy Products and Services’ was attended by 30 branch managers of various banks in the district, according to a TOI report. The major agenda of the workshop was to alter the notion of solar energy as power source to bank managers, which will aid in improving the solar energy scenario of the country.
During the course of the workshop, managers were educated about various subsidies that the state and Centre offer for solar products and services and the lending formalities for such schemes. Also included in the workshop were demos given by solar providers.
K N Balasubramanian, lead district manager reportedly said the workshop was intended to educate the managers on lending formalities on solar energy products and sensitise them to promote the alternate and green energy. Considering the present day power crisis the need arises to promote alternate energy sources to augment energy needs, he added.
Talking in reference to the outcome of the initiative, he said, “The workshop was successful, as many of the banks expressed their willingness to set up solar units in their branches. They will be setting up solar panels wherever the branches are operated in their own buildings. We will be installing solar panels in our lead bank campus shortly,” according to the report.
