+
Govt Announces Rs.49.50 Bn Incentive for Discoms Under PM-Surya Scheme
POWER & RENEWABLE ENERGY

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

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.

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.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?