MNRE pushing 10,000 Solar Pumps through NABARD

Scheme: Installation of 10,000 nos. of solar photovoltaic water pumping systems for irrigation purpose implemented through National Bank for Agriculture and Rural Development (NABARD) throughout the country.

a. Aim: Financing and installation of 10,000 nos. of solar photovoltaic water pumping systems for irrigation purpose to individual farmers to be  implemented through National Bank for Agriculture and Rural Development  (NABARD) throughout the country . SPV pumping systems can easily meet the irrigation requirements for land holdings for small and marginal farmers.  Due to lack of grid power electricity, a large number of diesel pump sets are  being deployed every year in the country. This project involves subsidy with
mandatory loan to individuals by regional rural banks and other commercial banks at nominal interest rate. It will obviate farmers from long distance travels to procure and transport diesel. It will increase the cropping intensity of the states through this intervention provided.

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About Ritesh Pothan

Ritesh Pothan, is an accomplished speaker and visionary in the Solar Energy space in India. Ritesh is from an Engineering Background with a Master’s Degree in Technology and had spent more than a decade as the Infrastructure Head for a public limited company with the last 9 years dedicated to Solar and Renewable Energy. He also runs the 2 largest India focused renewable energy groups on LinkedIn - Solar - India and Renewables - India
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