Goldi Solar partners with Yes Bank to fund MSME solar projects

Surat : YES BANK’s YES KIRAN initiative will help finance solar projects for Goldi Solar’s Micro, Small, and Medium Enterprises (MSME) clients. Goldi Solar is India’s most quality-conscious solar brand. The Bank will help small and medium-sized enterprise (SME) producers pay for the cost of installing solar panels on their buildings via this initiative.

Business entities like commercial institutions, industries, resorts, hotels, manufacturing units, and warehouses can use this secured financing instrument to switch to solar power, and the platform will process loan applications for solar projects sourced from across the country for installation. On top of that, customers may obtain instantaneous loan approvals and doorstep technical support.

Captain Ishver Dholakiya, CEO and founder of Goldi Solar, commented on the agreement, saying, “Over the past few years, we’ve seen a significant behaviour shift in the Indian MSMEs towards green energy solutions.” We expect more small companies to use solar power, improving India’s energy security and assisting with the decarbonization of its electrical grid. Through our collaboration with Yes Bank, we will be able to provide a financing option to assist small and medium-sized enterprises (SME) lower their power bills and increase their use of renewable energy sources.

Bharat Bhut, Co-Founder and Director of Goldi Solar, stated, “Borrowers can use a digital platform to process a seamless application for their solar project loans. Through the Solar Finance Scheme, consumers from MSME industries can obtain loans of up to INR 30 million. Our partner, Yes Bank, will provide end-to-end service and hassle-free journey to the loan applicants to finance solar projects.”