In a bid to promote self-reliance in terms of energy production, the Small Industries Development Bank of India (SIDBI) has launched a program in collaboration with TP Renewable Microgrid (TPRMG) to support sustainable rural entrepreneurship. Under this initiative, more than a thousand green energy enterprises will be established, giving a boost to sustainable models of entrepreneurship in rural India.
It must be noted that TP Renewable Microgrid (TPRMG), which is a wholly-owned subsidiary of Tata Power, will organize capacity-building programs. After this training, SIDBI will provide entrepreneurs with a “Go REsponsive, ENterprise incentive (GREENi). To facilitate financing, SIDBI will also assist in credit linkages via its partner institutions and the PRAYAAS scheme. TPRMG, on the other hand, will identify eligible entrepreneurs for providing clean and green energy for their businesses.
CMD of SIDBI, Mr Sivasubramanian Ramann said, “SIDBI has woven its promotional initiatives as a national program which has four buckets of innovation, education4entrepreneruship, Swavalamban connect Kendras and village/ rural/ sustainable enterprise development. Collaboration with Tata Power’s TPRMG is being structured to kindle green rural enterprises. SIDBI has prioritised the green enterprise as its thrust agenda aligned to national commitments on being carbon neutral nation. We are hopeful that this shall trigger the youth from Bharat who are inclined towards job creator role, to go green from the very beginning.”
‘Empowering MSMEs’ campaign of SIDBI and the ‘Sustainable is Attainable’ program of Tata Power are the driving initiatives behind this collaboration. It is noteworthy that Tata Power runs one of the largest Microgrid programs across the globe and operates a solar-based off-grid plant with an energy storage system with an aim to light-up remote parts of India.