
Leveraging finance to unlock access to Solar Irrigation
SwitchON Foundation in support of the German development agency GIZ India, organized a high level bankers workshop in partnership with the Punjab National Bank at the Hotel Haveli, Krishnanagar, Nadia on 20th October, 2022.
Solar water pumps are seen as an eco-friendly and cost-effective option for farmers. While they offer lower operating costs in the long run, their initial high upfront cost makes them unaffordable for many farmers. Research indicates that providing financial support for solar water pumps yields substantial advantages for farmers.
The workshop aimed to foster a better understanding of farmers’ access to finance for solar pumps under various government schemes in West Bengal. With agriculture being a vital sector of the Indian economy, this initiative holds the potential to transform farming practices and contribute to sustainable development.
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