TSREDCO GM said that it is discussing the plan with StreeNidhi officials and once all the ways are finalized, they will help to build the grid solar roof.
Posted Date – Fri 23 Dec 22 08:47 PM
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Hyderabad: As part of the state government’s efforts to shift to clean and green energy, StreeNidhi Credit Union Union Ltd, driven by the state government and Mandal Samkhyas to supplement the credit flow of the banking sector, has planned to provide loans to install rooftop net metering solar to 10,000 self-help across the state Panel units in the homes of group (SHG) members. StreeNidhi will work with the Telangana State Renewable Energy Development Corporation (TSREDCO) to implement the scheme.
According to StreeNidhi DGM BVS Reddy, his organization has identified 300 directives across the state to implement the scheme, and each directive will install about 35 units. He said they have successfully installed 14 rooftop net metering solar panel units in Ankole Camp village in Nasrullabad mandal and 22 in Thimmapur village in Birkur mandal in Kamareddy district. “Now we want to install solar panels on the homes of at least 10,000 SHG members across the state. Not only will this help them save money, but it will also make the environment cleaner and healthier,” he said.
GSV Prasad, managing director of TSREDCO, said the plan is being discussed with StreeNidhi officials and once all the models are finalized, they will help build the grid solar roof.
BVS Reddy said the beneficiary selection process had begun and the scheme would be implemented soon. Giving details of the scheme, Reddy said eligible SHG members will receive funding to build 2 kW and 3 kW grid-connected solar rooftops under the Akshaya scheme. Beneficiaries must have a RCC building with a floor slab of at least 160 square feet to more than 200 square feet and consume at least 200-300 kilowatt-hours of electricity per month to be eligible for the loan, he said.
He informed that StreeNidhi will provide 50% of the loan amount, while the government will bear the subsidy up to 40% per unit, and 10% of the remaining amount must be paid by the beneficiary. The loan, which can be repaid flexibly over five years, carries an annual interest rate of 11%, he added.
The total cost of the 2 kW unit is Rs 1,42,200 and the approved loan amount is Rs 1 lakh. Likewise, the total cost of a 3 kW unit is Rs 1,92,360 and the approved loan amount is Rs 1.25 lakh.
Total number of beneficiaries: 10,000 Total cost of 2 kW solar installation: Rs 1,42,200 Total cost of 3 kW solar installation: Rs 1,92,360 Loan amount for 2 kW installation: Rs 1 lakh Loan amount for 3 kW installation: Rs 125,0002 Subsidy amount for kilowatt unit: Rs 39,200 Subsidy amount for 3 kW unit: Rs 57,360
