The MSME sector which has witnessed uniform growth over the past few years is one of the key pillars of the Indian economy. This sector is also one of the largest consumers of energy in the economy. However, volatile market conditions and increasing energy expenses are among the key factors affecting the long-term profitability, competitiveness, and sustainability of the MSME sector.
Easy and affordable financing has been one of the barriers for penetration of Solar in the MSME sector in India. In order to address this challenge, various financing options facilitate the MSME sector to switch to rooftop solar. In this article, titled "Financing support to scale up MSME rooftop solar in India", underlined few financial barriers the sector faces in switching to the renewable energy, along with financial solutions.
