City
Epaper

PM Suryodaya Yojana: Know about Centre’s scheme to harness solar energy, empower the poor with ‘free electricity’

By IANS | Updated: February 5, 2024 17:05 IST

New Delhi, Feb 5 The ‘Pradhan Mantri Suryodaya Yojana’, launched by Prime Minister Narendra Modi on January 22 ...

Open in App

New Delhi, Feb 5 The ‘Pradhan Mantri Suryodaya Yojana’, launched by Prime Minister Narendra Modi on January 22 this year, is a path-breaking initiative aimed at making electricity bills of poor and middle class citizens ‘zero’ while helping them make substantial gains from the rooftops panels, installed on their terrace.

Under the newly launched ground-breaking initiative, solar panels will be installed on about 1 crore households and this will help them save upto Rs 18,000 crore annually. The beneficiaries will get 300 units of free solar electricity while they will have the flexibility to sell surplus power to commercial units.

PM Modi also spoke about highlights of this scheme during his public address in Guwahati on Sunday and said that the Centre was working on a plan on slashing the electricity bills of households to zero.

“In past 10 years, we strove to provide electricity to every house. Under this scheme, the Centre will help about 1 crore families to install solar rooftops,” PM Modi told the gathering in Guwahati.

Notably, PM Modi had announced the scheme on January 22, hours after performing the consecration ceremony of the grand Ram Temple in Ayodhya.

While announcing the ‘gamechanger’ initiative, the Prime Minister had said that this will not just reduce the power bill of middle-class but will also make the country self-reliant in the field of energy.

Days later, Finance Minister Nirmala Sitharaman in her Budget speech, announced the rooftop solar panel scheme for about 1 crore households. She informed that the government will launch a programme to help set up rooftop solar panels on about 1 crore households, under which they will get 300 units of free electricity. In case of excess electricity, they will have option to sell it to power distribution companies.

Besides free electricity to households, the scheme would also help augment the sale of electric vehicles as one could set up charging stations at home, FM had noted in her Budget speech.

The proposed Pradhan Mantri Suryodaya Yojana is set to be backed by series of campaigns and promotions in coming days, where people will be encouraged to volunteer for the rooftop solar panel plan and in turn benefit financially from the mega scheme.

Experts see its implementation as a herculean task but all concur with the fact that harnessing solar energy for public consumption will be a turning point in attaining ‘Atmanirbharta’ in the energy sector.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalIranian FM voices satisfaction with 'process, pace' of indirect talks with US

InternationalTaiwan detects Chinese military activity near its territory

InternationalHouthis say Russian sailors injured in US airstrikes on Yemen's Red Sea port

InternationalNo justification for such acts of terror: Iranian Prez condemns J&K attack in phone call with PM Modi

NationalNo justification for such acts of terror: Iranian Prez condemns J&K attack in phone call with PM Modi

Business Realted Stories

BusinessMillions benefited from Ayushman health cards, now is the time for Delhi: Hardeep Puri

BusinessViksit Bharat will be driven by start-ups and innovation: IIT Madras Director

BusinessIndia sees robust 10.35 pc annual growth in domestic airline passengers in FY25

BusinessSwiggi Instamart to create dedicated 'cooperative' category on its platform, signs MoU

BusinessIDFC FIRST Bank posts nearly 60 pc net profit loss at Rs 295.6 crore in Q4 FY25