Coimbatore, Tamil Nadu Oct 8, 2022 (Issuewire.com) - Kondaas Automation on Friday said it had partnered with Peoples Urban Cooperative Bank, Ernakulam, Kerala to lend loans to all residential consumers of KSEB to install the Rooftop Solar Ongrid plant under the KSEB Soura Scheme. Kondaas explained that this partnership enables a vast base of consumers to generate clean energy under this subsidy program. The consumers are entitled to get up to 40% subsidy on the actual plant cost. Kondaas claims that the ROI for the consumers under this scheme can be obtained in less than 5 years depending on the plant capacity they choose. "We aim to increase the number of consumers generating clean energy, thereby reducing a huge chunk of our carbon footprint," said Mr. Sanjay Kondaas, the Managing Director of Kondaas Automation Private Limited. We are well prepared to leverage this partnership to achieve the common objectives of the state and central government. “The partnership arrangement will result in significant disbursement under priority solar sector lending and it will make funds available to the end beneficiary at an affordable rate of interest. Click here to check the full range of products under the KSEB Soura Scheme. "Customers will also benefit from cost-effective loans in unserved and underserved areas," said the CEO of People's Urban Cooperative Bank.
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