Govt Announces Rs.49.50 Bn Incentive for Discoms Under PM-Surya Scheme

24 Jul 2024 CW Team

The Indian government has introduced new guidelines to allocate ?49.50 billion in incentives to state distribution companies (discoms) under the PM-Surya Ghar scheme. This initiative aims to accelerate the deployment of rooftop solar systems across the country, enhancing solar energy adoption and supporting the country?s renewable energy goals.

Under the PM-Surya Ghar scheme, discoms will receive financial incentives based on their performance in promoting and facilitating the installation of rooftop solar panels. The guidelines outline the criteria for disbursement and the performance metrics that discoms need to meet to qualify for the incentives. The scheme is expected to drive significant growth in the rooftop solar sector by reducing the financial burden on consumers and encouraging more widespread adoption of solar technology.

The scheme targets increasing the installed capacity of rooftop solar systems, which is essential for achieving India?s renewable energy targets and reducing dependence on fossil fuels. By offering financial support to discoms, the government aims to streamline the installation process, enhance the efficiency of solar projects, and promote sustainable energy solutions at the grassroots level.

This substantial financial backing underscores the government?s commitment to expanding renewable energy infrastructure and supporting state efforts to transition towards cleaner energy sources. The initiative is part of a broader strategy to integrate more renewable energy into the national grid and reduce carbon emissions.

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