Chennai: V-Guard Industries Ltd, a number one electronics and electrical producer, has signed a Memorandum of Understanding (MoU) with ESAF Small Finance Financial institution to supply financing choices to clients seeking to set up V-Guard’s Photo voltaic Rooftop Energy System. Below the settlement, ESAF Financial institution will present varied financing choices, together with loans and enticing installment fee plans. With the strategic alliance with ESAF Financial institution, customers can decide to finance as much as 80 per cent of the full price of the rooftop solar energy system, together with the price of set up for residential or industrial purposes. This collaboration is not going to solely cut back the burden on clients to make an upfront fee but additionally allow them to generate their very own electrical energy, thereby decreasing their dependence on the grid. This partnership will allow clients to change to scrub power with ease and affordability.
Commenting on the partnership, Mr. Mithun Chittilappilly, Managing Director, V-Guard Industries Ltd., mentioned, “We’re excited to companion with ESAF Financial institution, which shares our imaginative and prescient of creating clear power accessible and reasonably priced to all. With the elevated deal with sustainability and the necessity for cost-effective options, Rooftop Photo voltaic Energy Programs have grow to be a sexy choice for customers. This collaboration will assist us attain extra clients, who can profit from our high-quality photo voltaic merchandise and ESAF Financial institution’s reasonably priced financing choices.”
Mr. Hari Velloor, Govt Vice President, Enterprise, ESAF Small Finance Financial institution, mentioned, “We’re delighted to companion with V-Guard, an organization that has been on the forefront of innovation and sustainability. This partnership will allow us to supply financing choices to clients seeking to change to scrub power and contribute to a greener tomorrow. At ESAF Financial institution, we consider that sustainable growth is vital to constructing a greater future, and this collaboration is a step in direction of attaining that objective.”
V-Guard’s Rooftop Photo voltaic Programs include as much as 40 per cent subsidy from Ministry of New and Renewable Power. The photo voltaic panels have 25-30 years of onsite guarantee. Prospects can select from an intensive vary of fashions from 3- 15 KW relying on their necessities. 1 KW plant can generate 4-5 models of electrical energy on a sunny day.
