+
Govt allocates Rs 5 billion for rooftop solar projects under PM-Surya Ghar
POWER & RENEWABLE ENERGY

Govt allocates Rs 5 billion for rooftop solar projects under PM-Surya Ghar

The Ministry of New and Renewable Energy (MNRE) announced guidelines for implementing ‘Innovative Projects’ under the PM-Surya Ghar: Muft Bijli Yojana, allocating Rs 5 billion to promote advancements in rooftop solar technology.

The notification, issued on October 8, 2024, aims to encourage startups, institutions, and industries to develop new solutions such as blockchain-based peer-to-peer solar trading, smart materials, and solar systems integrated with electric vehicles.

The scheme will offer financial assistance covering up to 60 per cent of the project cost or Rs 300 million, whichever amount is lower. The National Institute of Solar Energy (NISE) will function as the Scheme Implementation Agency (SIA). Additionally, MNRE plans to introduce annual innovation awards, with prizes reaching up to Rs 10 million to further incentivize research.

The government intends to increase the share of solar rooftop capacity under the PM-Surya Ghar Yojana, which received approval in February 2024 with a budget of Rs 750.21 billion and is set to be implemented until FY 2026-27. Proposals for innovative projects will be invited by MNRE, promoting joint research and international collaborations.

The Ministry of New and Renewable Energy (MNRE) announced guidelines for implementing ‘Innovative Projects’ under the PM-Surya Ghar: Muft Bijli Yojana, allocating Rs 5 billion to promote advancements in rooftop solar technology. The notification, issued on October 8, 2024, aims to encourage startups, institutions, and industries to develop new solutions such as blockchain-based peer-to-peer solar trading, smart materials, and solar systems integrated with electric vehicles. The scheme will offer financial assistance covering up to 60 per cent of the project cost or Rs 300 million, whichever amount is lower. The National Institute of Solar Energy (NISE) will function as the Scheme Implementation Agency (SIA). Additionally, MNRE plans to introduce annual innovation awards, with prizes reaching up to Rs 10 million to further incentivize research. The government intends to increase the share of solar rooftop capacity under the PM-Surya Ghar Yojana, which received approval in February 2024 with a budget of Rs 750.21 billion and is set to be implemented until FY 2026-27. Proposals for innovative projects will be invited by MNRE, promoting joint research and international collaborations.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code