Tata Power Solar & Union Bank Collaborate to Finance Rooftop Solar for MSMEs

One of India’s oldest and largest public sector banks, Union Bank of India (UBI) has partnered with Tata Power Solar Systems Limited (TPSSL) to support the MSME (Micro, Small, and Medium Enterprises) sector’s transition to solar energy (Finance Rooftop Solar). Tata Power Solar Systems Limited (TPSSL) is a wholly-owned subsidiary of Tata Power Renewable Energy […]

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MSME Solar Parks Feasible When State’s Lower Transmission Charges: Gadkari

Nitin Gadkari said the entry of MSME in the solar parks sector was a good idea, but would only be viable if state governments reduce transmission charges. Union Minister of Road Transport & Highways of India and Micro, Small and Medium Enterprises (MSME), Nitin Gadkari has said that he believes that the entry of MSME […]

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Govt Exploring New Lending Institutions to Support Small Enterprises: Gadkari

The government is exploring new financial lending institutions to support small-scale units to provide financial support, said Nitin Gadkari, the Union Minister for Micro, Small and Medium Enterprises (MSME) and Road Transport and Highways (MORTH). The Minister assured the industry stakeholders that the government is working towards strengthening the NBFCs which will help small businesses […]

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India to Organize Summit on Smart & Green Mobility in Nov

The another interesting highlight of the mobility summit would be the participation of experts working with leading international scientific & research organizations and testing laboratories from across the world. The government is organizing a mobility summit, NuGen Mobility Summit 2019, in the month of November this year based on the theme smarter and greener future […]

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BEE, MSME Ink MoU to Enhance Energy Security

The signed agreement includes areas of cooperation for comprehensive energy mapping of MSMEs on pan India, development of appropriate schemes and programs to improve the energy security of MSMEs. The Bureau of Energy Efficiency (BEE), an agency of Ministry of Power, has signed a Memorandum of Understanding (MoU) for enhancing energy security in the Micro, […]

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The Big Moves in Budget 2019

Less than an hour after Finance Minister Nirmala Sitharaman’s first budget speech, it appears that it is not a bad budget at all for the renewables and EVs. Less than an hour after Finance Minister Nirmala Sitharaman’s first budget speech, it appears that it is not a bad budget at all for the renewables and […]

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Encourage Capital’s Fund For Indian Rooftop Segment Closes at $40 Mn

Encourage Capital has announced the first closing of a new fund at $40 million, which will invest in Indian commercial rooftop solar segment Encourage Capital, LLC, an impact investment asset manager and advisory firm, has announced the first closing of a new private equity fund, Encourage Solar Finance, L.P. at $40 million. The fund will […]

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UP Govt. Decides to Give Solar Charkhas, Khadi Benefits to Weavers

Although the solar charkhas are used in other states as well but the cloth that is produced from these charkhas is not considered as khadi. This deprives the weavers of government benefits under khadi promotion. In order to double their income and improve the efficiency of yarn spinners of UP, the state government is planning […]

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Solar Charkha Mission Launched by President Ram Nath Kovind

The Ministry of Micro Small and Medium Enterprise (MSME) will cover 50 clusters under this mission and 400 to 2000 artisans will be employed by each cluster. To generate the employment in rural areas, and disburse a subsidy of Rs 550 crore to thousands of artisans, President Ram Nath Kovind launched the Solar Charkha Mission […]

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