Dharwad: Karnataka Vikas Grameena Bank (KVGB) has signed a memorandum of understanding (MoU) with Mecwin Technologies Ltd.
based in Bengaluru to introduce a farmer-friendly solar pump set through Finance.KVGB General Manager P Srinivas Rao and Mecwin Technologies Founder Shivakumar HM signed an agreement In front of the Chairman of the KVGB P Gopi Krishna is here on Saturday.
Gopi Krishna said KVGB, in addition to being the first bank to introduce a solar loan scheme, is at the forefront of financing solar lights and sustainable energy solutions to under it serve households and business businesses in relation to Selco for the past 25 years.
“Time has come for farmers to use solar energy because farmers’ friendly innovations have occurred.
Solar power continuously and farmers have direct access to there.
Even though the equipment and installations seem to be slightly higher in the initial period will be cheap in the long term …
if Diesel pumps are replaced with a set of solar power pumps, carbon emissions will reduce significantly, “he said.
The MoU will benefit farmers as Mecwin Technologies specializing in the production and management of solar and bank irrigation pumps have the largest branch network in rural areas with better financial products, he added.
Shivakumara said the solar pump produced by the company has been popular.
There are more than 15,000 farmers who are satisfied throughout the state, he added.
KVG Bank signed the MoU to finance solar water pumps
