Plans To Put Rooftop Solar Panels At 10 Thousand SHG Members

Hyderabad, Dec 24 (Maxim News): Stree Nidhi credit cooperative Federation Limited, promoted by the State government and Mandal Samkhyas has made plans to provide bank loans to install rooftop net metering solar panel units on the houses of 10 Self-Help Groups (SHG) members across the state. The Stree Nidhi would implement the scheme in collaboration with Telangana State Renewable Energy Development Corporation (TSREDCO)

According to StreeNidhi DGM BVS Reddy, it has identified 300 mandals across the State for the implementation of the program and in each Mandal, about 35 units would be installed. He said that they have already successfully installed 14 rooftop net metering solar panel units in ankole Camp village of Nasrullabad Mandal and 22 in thimmapur village of Birkur Mandal of Kamareddy district. “Now we want to install solar panels in at least 10,000 houses of SHG members across the State. This will help them in saving not only money but also in making the environment more clean and healthy, he said.

The process of selection of beneficiaries has already started and soon the program will be implemented. The eligible SHG members would be financed to set up 2 KW and 3 KW grid solar rooftops under the Akshaya scheme. Beneficiaries must have an RCC building and the slab should be at least 160 sq. feet to more than 200 sq. feet and subsume at least 200-300 units of electricity per month, only then they would be eligible for a loan.

StreeNidhi would be providing 50 percent of the loan amount, whereas the government would bear the subsidy of up to 40 percent per unit and the 10 percent of the remaining amount has to be paid by the beneficiary, This loan has been given the flexibility to repay in five years with an interest rate of 11 percent per annum.

The total cost of the 2 KW unit is Rs. 1,42,200, whereas the loan amount approved is Rs. 1 lakh. Similarly, the total cost of 3 KW units is Rs. 1,92,360 and the loan amount approved is Rs. 1.25 lakh. (Maxim News)

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