Fri, Oct 16

Rural India’s US$5.7-billion credit gap: Why solar-powered livelihood tools wait for loans

A solar dryer can turn a mango glut into a year-round income. A solar loom can earn back its cost in under a year. Yet the loan needed to buy either often does not arrive.

A new study by the Council on Energy, Environment and Water (CEEW), working with Villgro and the National Institute of Bank Management (NIBM), asks why. It looks at decentralised renewable energy (DRE) tools that power livelihoods at the farm gate or in the village workshop. The answer, it finds, is not weak technology. It is a credit system built for other kinds of borrowers.

👉 Read the full story: https://www.indoen.com/news/rural-indias-us57-billion-credit-gap-why-solar-powered-livelihood-tools-wait-for-loans

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