TPRMG And SIDBI To Setup 1K Green Energy Enterprises To Support Rural Entrepreneurs

TP Renewable Microgrid (TPRMG), a wholly owned subsidiary of Tata Power and Small Industries Development Bank of India (SIDBI) is going to setup 1,000 green energy enterprises established throughout the nation to empower rural entrepreneurs. 

Under the collaboration, SIDBI will provide entrepreneurs a "Go REsponsive, ENterprise incentive (GREENi)" after they complete a TPRMG-organised capacity-building activity. It will also assist in credit linkages to facilitate financing (loans) for setting up or expanding the businesses of rural entrepreneurs, the official statement read. 

“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 to being a carbon-neutral nation. We are hopeful that this shall trigger the youth from Bharat who is inclined towards the job creator role, to go green from the very beginning.” said Sivasubramanian Ramann, CMD, SIDBI. 

To provide these rural businesses with quality, affordable and clean green energy, TPRMG will discover suitable entrepreneurs within its existing Microgrid network as well as in new geographies. It will also provide rural enterprises, green energy solutions and the technical know-how for maximising energy utilisation and conservation. 

"Our partnership with SIDBI is a step toward providing rural enterprises with access to a sustainable energy ecosystem and including them in India's commitment to the widespread use of renewable energy. This innovative program intends to develop skills to enable low-carbon futures for rural entrepreneurs and economies and to assist in Ease of Doing Business in rural parts of the country” said Praveer Sinha, CEO and MD, Tata Power.