TP Renewable Microgrid and SIDBI collaborate to set up 1,000 green energy enterprises across India

To commemorate the Azadi Ka Amrit Mahotsav, TP Renewable Microgrid Limited (TPRMG), a wholly owned subsidiary of Tata Power and Small Industries Development Bank of India (SIDBI), has joined hands to launch an innovative program that will see 1,000 green energy enterprises established throughout the nation. The Government of India's vision of Atmanirbhar Bharat will be supported by this initiative as it will foster sustainable entrepreneurship models across the nation leading to the empowerment of rural entrepreneurs.

Under the collaboration, SIDBI will provide entrepreneurs a "Go REsponsive, ENterprise incentive (GREENi)" after they complete a TPRMG-organized capacity-building activity. Through its PRAYAAS scheme or partner institutions, SIDBI will also assist in credit linkages to facilitate financing (loans) for setting up or expanding the businesses of rural entrepreneurs. To provide these rural businesses with quality, affordable, dependable, and clean green energy (Solar/Wind/Bio-Gas), TPRMG will discover suitable entrepreneurs within its existing Microgrid network as well as in new geographies. TPRMG will also provide rural enterprises, green energy solutions, and the technical know-how for maximizing energy utilization and conservation. The 'Sustainable is Attainable' program of Tata Power and the Empowering MSMEs campaign of SIDBI, are the driving forces behind this partnership.

"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 Dr. Praveer Sinha, CEO & MD, Tata Power

"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 prioritized the green enterprise as its thrust agenda aligned with national commitments to 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." said Mr. Sivasubramanian Ramann, CMD SIDBI.