Prime Minister Narendra Modi recently announced that registrations for the rooftop solar initiative, called the "PM-Surya Ghar: Muft Bijli Yojana," have topped one crore households. A multitude of Indian states are the source of the registrations. Households are encouraged to adopt solar energy through the project, which also offers significant financial savings and environmental protection. To install rooftop solar panels and give one crore homes free electricity up to 300 units per month, the Union Cabinet sanctioned a total cost of Rs 75,021 crore.
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In about a month since it was launched, over 1 crore households have already registered themselves for the PM-Surya Ghar: Muft Bijli Yojana.
Registrations have been pouring in from all parts of the nation. Assam, Bihar, Gujarat, Maharashtra, Odisha, Tamil…— Narendra Modi (@narendramodi) March 16, 2024
Key Highlights of the Scheme
- Financial Assistance:
The scheme provides central financial assistance for installing rooftop solar panels, with subsidies ranging from Rs 30,000 to Rs 78,000 based on the system capacity.
- Application Process:
Households can apply for subsidies through the National Portal and choose a suitable vendor for installation.
- Loan Facilities:
Collateral-free, low-interest loans are available for households to install residential rooftop solar systems.
- Model Solar Village:
Each district will have a Model Solar Village to promote rooftop solar adoption in rural areas.
- Incentives for Local Bodies:
Urban local bodies and Panchayati Raj institutions will receive incentives for promoting rooftop solar installations in their areas.
- Job Creation:
The scheme is expected to create around 17 lakh direct jobs in various sectors related to solar energy.
Environmental Impact and Benefits
The programme's objective is to increase residential rooftop solar capacity by 30 GW, producing 1,000 billion units of electricity and lowering CO2 equivalent emissions by 720 million metric tonnes over the rooftop systems' 25-year lifespan. In addition to saving money on electricity costs, households will be able to increase their revenue by selling any extra power they produce to Discoms.
In conclusion
An important government programme to encourage solar energy adoption in homes, lower carbon emissions, and generate jobs in the renewable energy industry is the PM-Surya Ghar: Muft Bijli Yojana. The programme is expected to have a good effect on the environment and help India achieve its targets for renewable energy, with over one crore families now registered. The government is enticing more homes to use solar energy by offering financial aid, credit facilities, and incentives, which will contribute to a more sustainable and environmentally friendly future for the nation.
Image Source: Multiple Agencies
(Inputs from agencies)
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