SCNL partners with global leaders to increase access to solar products in India

By India News Stream Desk

Aug 24, 2018

New Delhi: Satin Creditcare Network Limited (SCNL) will make world class solar powered products available with easy loans across its branches in Assam, Bihar, Rajasthan, Haryana and Punjab.

SCNL, the second largest microfinance company in the country, has entered into strategic partnerships with global leaders in solar energy such as Greenlight Planet, TWP and d.light for enabling over 1 million of its clients to access these products in the above states.

This will definitely improve their quality of life, Dev Verma, Chief Operating Officer, Satin Creditcare Network Limited said here.

As a part of SCNL’s partnership with d.light in Bihar, 561957 clients across
Muzzafarpur, Begusarai, Chapra, Gaya and Patna districts can finance either of the two products i.e., S550 and D333 at SCNL’s local branches. S550 is a unique, fast charging solar lantern with high luminescence. It can also be used for charging mobile phones.

The product is portable, easy to use, and comes with four brightness settings.D333 is a solar home system to provide light in multiple rooms of a house through a single battery and solar panel. It comes with two tube lights and one bulb controlled via wall switches. It has two brightness settings and mobile phone charging capacity as well.

Both the products deliver electricity with no recurring cost through a solar panel. SCNL and d.light are already working together in Orissa, Assam and Jharkhand to provide similar solutions to over 386546 clients.

In Rajasthan, Haryana and Punjab, SCNL’s 497835 clients can avail ‘Sun KingTM Boom’, a solar-powered lantern by Greenlight Planet. It also has a built-in radio, MP3 player, and USB port for mobile charging by Greenlight Planet. This product addresses the growing aspirations and demand for lighting, mobile-charging and entertainment amongst the rural consumers.

As per the Government data, about 31 million homes in India are still in the dark. The most un-electrified parts of the country include Assam, Bihar, Jharkhand, Odisha, Madhya Pradesh, and Rajasthan, each with about 6 million unconnected households.

“India has a large un-electrified population. Community-based solar solutions are extremely important to address this challenge. Our strong presence at the grassroot level, coupled with affordable solar lighting product range from our partners, will allow us to have a model, with focus on improving quality of life for our clients, ” Verma said.