ARYAVART GRAMIN BANK
The Aryavart Gramin bank won an Ashden Award for Sustainable Energy in 2008.
The Aryavart Gramin bank in Uttar Pradesh used solar photovoltaic (PV) systems to back-up the unreliable grid power for some of its branches, and recognised the potential of PV for its many off-grid customers. The bank set up a bulk supply and installation agreement with TATA-BP for PV solar-home-systems, and provides loans for its customers with a good credit record to purchase the systems. To date 10,100 loans have been approved and 8,000 solar-home-systems installed. Local entrepreneurs are paid by the bank to service and maintain systems. The Aryavart Gramin bank has a target of 25,000 solar-home-systems this year, and is promoting the idea of its SHS loan scheme to other rural banks