IREDA ( बड़ा खेल हो गया😮)🔴 जिस बात का डर था वही हुआ😭🔴 IREDA SHARE LATEST NEWS🔴BANK ROOFTOP SOLAR LOAN

Stock Market का Commando
24 Mar 202411:19

TLDRThe video discusses the PM Surya Jyoti scheme, which offers free solar power to households. It covers the eligibility criteria, the benefits of the scheme, and the associated financial options from various banks. The speaker also talks about the potential for increased competition in the renewable energy sector and the performance of different public sector companies in providing returns to investors over the past year and five years.

Takeaways

  • 🌟 The Prime Minister's Suryaoday scheme aims to provide free electricity to households by utilizing roof top solar power.
  • 🏠 Eligibility for the scheme requires being an Indian citizen, owning a house with a rooftop suitable for solar panel installation, and having proper electrical connections.
  • 💡 Financial institutions like NBFCs and banks are offering loans for roof top solar installations under the scheme, with varying loan amounts and criteria.
  • 🏦 Banks such as SBI, Central Bank of India, Punjab National Bank, Canara Bank, and Union Bank of India have announced specific loan schemes to support the solar power initiative.
  • 💰 Loan amounts range from a minimum to a maximum of 2-6 lakhs depending on the bank and the capacity of the solar installation.
  • 📈 The script discusses the potential for growth in the renewable energy sector, specifically in financing for solar projects.
  • 📊 The performance of public sector companies like Indian Renewable Energy (IRE) and financial institutions like IDFC (now IDFC First Bank) is highlighted in relation to their role in financing renewable energy projects.
  • 🔄 Competition in the solar power sector is expected to increase with both public and private players entering the market.
  • 📉 The script also touches on the stock performance of companies like IDFC (now IDFC First Bank) and PNB, indicating the fluctuating nature of the market.
  • 🌐 The video script emphasizes the importance of staying informed about the evolving market dynamics and the potential for both public and private sector companies in the renewable energy financing space.
  • 🔔 The speaker encourages viewers to like and share the video for more informative content in the future.

Q & A

  • What is the main topic of discussion in the video?

    -The main topic of discussion in the video is the 'PM Surya Ganga' free electricity scheme, its relation to the rooftop solar power initiative, and the financial opportunities related to it.

  • What was the initial name of the 'PM Surya Ganga' scheme?

    -The initial name of the 'PM Surya Ganga' scheme was 'PM Suryaodaya'.

  • What is the benefit provided under the PM Surya Ganga scheme?

    -Under the PM Surya Ganga scheme, up to 300 units of free electricity will be provided to those who register for the rooftop solar power initiative.

  • Which company is related to the renewable energy sector and provides finance for related projects?

    -The company related to the renewable energy sector and providing finance for related projects is NBFC (Non-Banking Financial Company).

  • What is the role of NBFC in the renewable energy sector?

    -NBFC provides loans for projects related to the renewable energy sector, such as financing large-scale projects and retail segments.

  • Which banks are providing finance for rooftop solar power installations under the scheme?

    -SBI, Central Bank of India, Punjab National Bank, Canara Bank, and Union Bank of India are some of the banks providing finance for rooftop solar power installations.

  • What are the eligibility criteria for applying under the scheme?

    -The eligibility criteria include being an Indian citizen, owning a house with a rooftop suitable for solar panel installation, and having proper electrical connections.

  • What is the maximum loan amount provided by SBI for rooftop solar system installation?

    -SBI has announced to provide a maximum loan amount of up to 2 lakh for rooftop solar system installation.

  • How has the performance of the discussed banks been in the past year?

    -The performance of the banks has been good in the past year, with State Bank of India doubling the money and providing a 46% return to its shareholders. Central Bank of India and Punjab National Bank also showed good returns.

  • What is the expected increase in competition in the renewable energy sector?

    -The expected increase in competition in the renewable energy sector is significant due to the growing market size and the entry of both public and private players.

  • What is the impact of the increase in competition on the sector?

    -The increase in competition will likely lead to more efficient services, better pricing, and a wider range of options for consumers in the renewable energy sector.

Outlines

00:00

🌞 Introduction to PM Surya Ghar Free Electricity Scheme

The video begins with a warm welcome to the audience, highlighting the focus on a significant topic previously hinted at that is now becoming a reality. The topic of discussion is the PM Surya Ghar Free Electricity Scheme, originally announced on the day of the Ram Temple's inauguration. This scheme, targeting rooftop solar power, promises to provide up to 300 units of free electricity to households registering under it, with a goal of reaching 1 crore homes. The government has also made public the enthusiastic response from the public, with a large number of registrations within just 20 days. The video emphasizes the importance of this scheme for renewable energy and the role of the Indian Renewable Energy Development Agency (IREDA) and other financial institutions in supporting related projects.

05:01

🏦 Financial Institutions and Eligibility for Solar Roof Installation

The script moves on to discuss the financial aspect of installing solar rooftop systems, listing various banks like SBI, Central Bank of India, PNB, Canara Bank, and Union Bank of India, which have announced readiness to finance installations up to a certain amount. The criteria for eligibility for this scheme are then outlined, emphasizing Indian citizenship, ownership of a house with a proper roof, an electricity connection, and the condition that no other solar-related subsidies have been availed by the applicant. The narrative suggests a surge in competition in the financing sector, especially from banks and NBFCs, aiming to provide loans for solar installations.

10:04

📈 Market Competition and Future Prospects

In the final segment, the discussion shifts towards the competitive landscape in the renewable energy financing sector. It acknowledges that while IREDA faces new competitors, the market is large enough for multiple players, including private ones, to coexist and thrive. The narrative contrasts the performances of different banks, highlighting SBI's relatively better performance in providing returns to investors. The video concludes on an optimistic note about the renewable energy sector's growth and encourages viewers to engage with the content by liking and sharing, promising more insightful content in future videos.

Mindmap

Keywords

💡PM Surya Gaurav Yojana

PM Surya Gaurav Yojana is a solar energy initiative announced by the Indian government. It aims to provide free electricity to households by promoting the installation of rooftop solar power systems. The scheme is designed to reduce electricity bills and encourage the use of renewable energy sources. In the video, the speaker discusses this plan and its implications for the financial sector and related stocks.

💡Rooftop Solar Power

Rooftop solar power refers to the installation of solar panels on the roofs of buildings to generate electricity. This form of renewable energy is eco-friendly and helps in reducing electricity costs. In the context of the video, it is a key component of the PM Surya Gaurav Yojana, with the government providing financial incentives for its adoption.

💡Financial Assistance

Financial assistance refers to the support provided by banks or financial institutions to help individuals or entities with the costs associated with a project or investment. In the video, the speaker discusses how various banks are offering loans for the installation of rooftop solar power systems under the PM Surya Gaurav Yojana.

💡Renewable Energy

Renewable energy is energy that comes from natural resources that can be replenished over time, such as sunlight, wind, and water. It is a sustainable alternative to fossil fuels and helps in reducing greenhouse gas emissions. The PM Surya Gaurav Yojana is a step towards promoting renewable energy by encouraging the use of solar power.

💡Indian Renewable Energy Development Agency (IREDA)

IREDA is a government-owned corporation in India that provides financial assistance for projects related to renewable energy. It plays a crucial role in the growth of the renewable energy sector by offering loans and other financial services to projects that focus on clean and sustainable energy sources.

💡Stock Market

The stock market is a platform where buyers and sellers trade shares of publicly-held companies. It is a key component of the global financial system and reflects the economic health of a country. In the video, the speaker discusses how the PM Surya Gaurav Yojana and the adoption of rooftop solar power can impact the stock market, particularly the shares of companies related to renewable energy.

💡Loans

Loans are a form of financial assistance provided by banks or financial institutions that allow individuals or entities to borrow money, which is to be repaid over time with interest. In the context of the video, loans are being discussed as a means to finance the installation of rooftop solar power systems.

💡Eligibility Criteria

Eligibility criteria are the specific conditions or qualifications that must be met in order to qualify for a particular benefit, service, or opportunity. In the video, the speaker talks about the eligibility criteria for the PM Surya Gaurav Yojana, such as being an Indian citizen and owning a house with a rooftop suitable for solar panel installation.

💡Competition

Competition refers to the rivalry between two or more parties striving for a common goal or resource. In the context of the video, it highlights the increasing competition in the renewable energy sector, particularly in financing and providing services for rooftop solar power installations.

💡Interest Rates

Interest rates are the percentage of the loan amount that a lender charges for borrowing money. They are a critical factor in determining the cost of borrowing and can significantly impact the affordability of loans. In the video, the speaker talks about the interest rates offered by various banks for financing rooftop solar power installations.

💡Investment

Investment refers to the commitment of money or capital to a particular venture or asset with the expectation of achieving a profit or benefit in the future. In the video, the speaker discusses investment in the context of the renewable energy sector, particularly in relation to the PM Surya Gaurav Yojana and the potential for returns from investments in solar power.

Highlights

Welcoming viewers with heartfelt greetings to the channel, emphasizing the importance of the upcoming discussion.

Introduction to the PM Suryoday Scheme, initially announced on the day of the Ram Mandir announcement, highlighting its significance.

The scheme's name change to PM Surya Ghar Mufat Bijli Yojana, indicating a focus on providing free electricity through rooftop solar power.

Eligibility criteria for the scheme requiring Indian citizenship, ownership of a house with a roof, a proper electricity connection, and not having availed of any similar subsidy before.

Government's announcement of the scheme's popularity and the significant number of applications received within just 20 days.

Mention of IREDA's role in financing projects related to renewable energy, highlighting its significance as a government company.

Expansion of IREDA's financing to the retail segment, catering to rooftop solar projects under the PM Surya Ghar Mufat Bijli Yojana.

Discussion on the competition between IREDA and IRFC, comparing their performance and sectoral impact.

The increasing competition in the renewable energy finance sector, with a focus on rooftop solar financing, introducing banks into the competitive landscape.

Specific banks like SBI, Central Bank of India, PNB, Canara Bank, and Union Bank of India announcing their financial support for rooftop solar installations.

Analysis of the stock market performance of these banks, highlighting the volatility and the impact of major events like the Nirav Modi scam on PNB.

Comparison of short-term and long-term performance of these banks, with SBI showing consistent positive returns.

Speculation on the future of IREDA amidst the growing competition, with a positive outlook on its continued relevance.

Discussion on the potential for private players to enter the renewable energy financing market, challenging government entities.

Encouragement to viewers to research these banks and the renewable energy financing sector further for a deeper understanding.