Rooftop Solar scheme renamed with Rs 750 billion allocation

16 Feb 2024 CW Team

Prime Minister Narendra Modi declared the rooftop solar scheme, PM Surya Ghar Muft Bijli Yojana, with an investment exceeding Rs 750 billion. PM Modi stated on the microblogging platform X that, "In order to further sustainable development and people's well-being, the PM Surya Ghar: Muft Bijli Yojana is being launched."

The scheme, initially introduced on January 22 by the Prime Minister as Pradhan Mantri Suryodaya Yojana, aims to illuminate 10 million households, providing them with free electricity of up to 300 units monthly. It envisions substantial subsidies directly credited to the bank accounts of consumers and heavily concessional bank loans. He stated, "The central government will ensure that there is no cost burden on the people. All stakeholders will be integrated into a National Online Portal, which will further enhance convenience."

The interim budget had also proposed the rooftop solar segment, stating that 10 million households would receive up to 300 units of free electricity every month under the scheme initially proposed as Pradhan Mantri Suryodaya Yojana, with an outlay of Rs 100 billion. To promote the scheme, urban local bodies and panchayats will be encouraged to endorse rooftop solar installations in their jurisdictions, as per the Prime Minister's announcement.

Modi mentioned that the scheme would result in increased income, reduced power bills, and employment generation. Following the PM's announcement of the scheme in January, Power Minister RK Singh had stated that the Centre was aiming to raise the subsidy for rooftop solar projects for households to 60% of the capital cost from the current 40%, targeting the lower and lower-middle class. Singh also noted that all power public sector undertakings (PSUs) would implement the program by forming special purpose vehicles.

Real Estate

01 Dec 2025

Serene, Gardencity to Develop Rs 3 Billion Senior Living Project in Bengaluru

Serene Communities, a leading senior living brand, has partnered with Gardencity Realty to develop a premium senior living community in Budigere, one of Bengaluru’s fastest-growing residential micro-markets. The project will span approximately 300,000 sq ft, with a Gross Development Value of about Rs 3 billion, and will add roughly 250 senior-friendly residences to the city’s growing retirement housing segment.The launch forms part of Serene Communities’ national expansion strategy. The company has 11 new projects under development with a planned investment of Rs 25 billion that will add..

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..