Extending Innovative Finance to MSMEs for Large Scale Solar Rooftop Distributed Generation

Event: Asia Clean Energy Forum 2019

Extending Innovative Finance to MSMEs for Large Scale Solar Rooftop Distributed Generation

20 June 2019
Author / Speaker: 
Somesh Kumar, Ernst & Young - Other materials by the author

View Slides

While it is easy for large developers to access finance, Micro, small and medium enterprises (MSMEs) face huge challenges due to their balance sheet and creditworthiness issues. Ernst & Young (EY) is working on large scale solar rooftop deployment project in 17 states in India. Innovative products have been developed to roll out finance to these MSMEs. Access to MSME finance is the only way to roll out roof-tops and distributed generation on a mass scale in the country. EY is working with 17 states in the country and this is one of the largest projects of its kind to upscale such financing to MSME sectors such as textiles, cold chain, auto, etc. Along with the development of innovative financing products for the MSME sector, an alternate ecosystem has also been created to enable uptake of such financing. Successful solutions, challenges faced as well as the products that can be useful for the entire Asia region was discussed in this presentation.

Geographical Focus: 
Type of Content: 
Learning Event


The views expressed on this website are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.