Pradhan Mantri Suryodaya Yojana: Basics Explained

In the interim budget speech Union finance minister Nirmala Sitharaman declared free electricity of up to 300 units, every month,  will be provided under the Centre’s proposed rooftop solarisation scheme; It is estimated that the project will help these households save between ₹15,000 and ₹18,000 annually, The state-run Rural Electrification Corporation (REC) Limited is the designated nodal agency for the project.

               On 22 January, Prime Minister Shri Narendra Modi announced ‘Pradhan Mantri Suryodaya Yojana’. The scheme aims to  reduce the electricity bill of the poor and middle class, and  also make India self-reliant in the field of energy

1 crore households will get rooftop solar in a bit to provide electricity from solar energy.

In 2014, the union government launched the Rooftop Solar Programme which aimed to achieve a cumulative installed capacity of 40,000 megawatts (MW) or 40 gigawatts (GW) by 2022.

Solar power installed capacity in India has reached around 73.31 GW as of December 2023. Meanwhile, rooftop solar installed capacity is around 11.08 GW as of December 2023. The Centre currently has a National Rooftop Scheme that provides financial assistance totaling 40% of the capital cost of a solar rooftop project.



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