+
PM-Surya Ghar Muft Bijli Yojana receives Rs 31.35 billion in 3 years
ECONOMY & POLICY

PM-Surya Ghar Muft Bijli Yojana receives Rs 31.35 billion in 3 years

The Ministry of New and Renewable Energy has disbursed a total Central Financial Assistance (CFA) of Rs 31.35 billion over the past three years for the installation of grid-connected rooftop solar systems in households under phase-II of the grid-connected rooftop solar programme, as informed by the Minister of State for New and Renewable Energy and Power, Shripad Naik, in a written response to Parliament on 30 July 2024. ?As of 26 July 2024, a total of 12.9 million registrations and 15.27 lakh applications have been received from consumers on the scheme?s National Portal,? stated Naik in his reply to a question in the Rajya Sabha. Naik also highlighted the significant increase in India?s renewable energy installed capacity, which has grown from 76.38 GW in March 2014 to 195.01 GW in June 2024 ? a 2.55 times increase. This includes 85.47 GW of solar power, 46.93 GW of large hydro, 46.66 GW of wind power, 10.95 GW of bio-power, and 5.00 GW of small hydro power. In response to a separate question, Naik noted the country's remarkable progress in expanding renewable energy capacity, particularly in the solar and wind power sectors. "Solar power installed capacity has surged from 2.82 GW in 2014 to 85.47 GW as of 30 June 2024, while wind power capacity has increased from 21.04 GW in 2014 to 46.66 GW as of 30 June 2024," he added. The PM-Surya Ghar Muft Bijli Yojana was launched on February 13, 2024, aiming to install rooftop solar plants in 10 million households. The total financial outlay for the scheme is Rs 750.21 billion. The previous phase-II of the grid-connected rooftop solar programme has been integrated into this new scheme, including the remaining financial outlay and liabilities, effective from its launch on February 13, 2024. (Source:ET)

The Ministry of New and Renewable Energy has disbursed a total Central Financial Assistance (CFA) of Rs 31.35 billion over the past three years for the installation of grid-connected rooftop solar systems in households under phase-II of the grid-connected rooftop solar programme, as informed by the Minister of State for New and Renewable Energy and Power, Shripad Naik, in a written response to Parliament on 30 July 2024. ?As of 26 July 2024, a total of 12.9 million registrations and 15.27 lakh applications have been received from consumers on the scheme?s National Portal,? stated Naik in his reply to a question in the Rajya Sabha. Naik also highlighted the significant increase in India?s renewable energy installed capacity, which has grown from 76.38 GW in March 2014 to 195.01 GW in June 2024 ? a 2.55 times increase. This includes 85.47 GW of solar power, 46.93 GW of large hydro, 46.66 GW of wind power, 10.95 GW of bio-power, and 5.00 GW of small hydro power. In response to a separate question, Naik noted the country's remarkable progress in expanding renewable energy capacity, particularly in the solar and wind power sectors. Solar power installed capacity has surged from 2.82 GW in 2014 to 85.47 GW as of 30 June 2024, while wind power capacity has increased from 21.04 GW in 2014 to 46.66 GW as of 30 June 2024, he added. The PM-Surya Ghar Muft Bijli Yojana was launched on February 13, 2024, aiming to install rooftop solar plants in 10 million households. The total financial outlay for the scheme is Rs 750.21 billion. The previous phase-II of the grid-connected rooftop solar programme has been integrated into this new scheme, including the remaining financial outlay and liabilities, effective from its launch on February 13, 2024. (Source:ET)

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?