YES BANK has signed an MoU with Bureau of Energy Efficiency (BEE) to become the Participating Financial Institution (PFI) to avail the risk guarantee under the Partial Risk Guarantee fund for Energy Efficiency (PRGFEE). The PRGFEE is a risk sharing mechanism that provides YES Bank with a partial coverage of risk involved in extending loans for Energy Efficiency projects with an objective of scaling-up Energy Efficiency investments in India.

A good sign for the country is that we are headed towards being a power surplus nation. With the government actively pursuing its stated goal of 'electrifying all of India', power should be available to any industry anywhere. That means that the captive power market is in its sunset phase. Once grid power is reliable and abundant, the demand for standby gensets will also drastically reduce.

India continues to witness rapid development but to keep the momentum of growth high, availability of an uninterrupted power supply is a must. India needs electricity to fuel the growth of every industry, be it large-scale or small scale, manufacturing, healthcare or education.

The Indian pump industry is growing at an annual CAGR of ~10 per cent - which is higher than the international CAGR average of ~6 per cent - due to the surge in infrastructure development, growth in agriculture and other water intensive industries.

In order to support banks and credit institutions to achieve robust credit growth in the Micro, Small and Medium Enterprises (MSME) sector while managing the non-performing assets (NPAs), TransUnion CIBIL launched CIBIL MSME Rank (CMR) – a credit risk rank for MSMEs.

CMR is a credit risk rank for MSMEs that predicts the probability of an MSME becoming NPA in the next 12 months.

The Union Budget is full of sops for solar - in terms of investment, village electrification and taxes. But, it calls for building renewable power compatible T&D infrastructure on a war footing.

Aligned with the´Make in India´ initiative and the government´s green commitments, we aim to install 20 GW in the next six years. This is more than our installations till date but, is well within reach. We have established a multi-prolonged strategy that covers R&D, manufacturing and design as we endeavour to meet our goals.

Wind energy has been identified as a potential response to India´s crucial power challenges since the 1990s. The sector has undergone a major shift in India, and even after a good 25 years, we still await the full potential of this renewable source to be realised.