MNREs move to stall JNNSM scheme draws flak
Jayarama Emani | The Dollar Business President of SESI (Solar Energy Society of India), Ajay Prakash Shrivastava, expressed his displeasure over The Ministry of New and Renewable Energy (MNRE) reported move to stop commercial banks from giving loans for installing solar home lighting system under the subsidy scheme since it is burdened with pending subsidy claims. The ‘solar home lighting system’ scheme is a bank loan cum capital subsidy scheme mooted as part of the Jawaharlal Nehru National Solar Mission (JNNSM) that is funded through the National Bank for Agriculture and Rural Development (NABARD) and its branches. Speaking to The Dollar Business, Shrivastava said, “This is really a sad news for Solar Energy Sector especially for the rural areas ...
