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PM Suryodaya Yojana: Empowering Rural Solar Growth



  Feb 02, 2024

PM Suryodaya Yojana



Q: What is the PM Suryodaya Yojana?

A: It’s a government scheme aimed at promoting solar rooftop installations to aid households in saving up to Rs.15,000-18,000 annually by enabling them to obtain free electricity up to 300 units per month.

Q: Who will benefit from this scheme?

A: The scheme targets one crore households, helping them reduce energy bills and encouraging a shift towards sustainable energy.

Q: What are the expected savings for households?

A: Households can expect annual savings on energy bills as well as earnings from selling surplus electricity back to the grid.

Q: How does the scheme support electric vehicle (EV) charging infrastructure?

A: By enabling more EV charging options, the scheme supports cleaner transportation options and nurtures the growth of the EV market.

Q: What is the government’s target for solar rooftop installations?

A: The government aims to support the addition of 20-25 gigawatts (GW) of solar rooftop installations to the national grid.

Q: Are there any provisions for employment and entrepreneurship?

A: The scheme is anticipated to create employment opportunities in the solar manufacturing sector and foster entrepreneurship among equipment vendors.

Q: How is the budgetary allocation for solar energy expected to grow?

A: The allocation for solar energy is projected to be 110% higher at Rs10,000 crore for the financial year 2025.

Q: What long-term benefits are forecasted due to this scheme?

A: It is projected that the demand for rooftop solar in the residential sector could save about Rs.2 lakh crore over the next 25 years, optimizing energy costs nationwide.


Understanding PM Suryodaya Yojana’s Impact
 

Q: What is the broader impact of PM Suryodaya Yojana on the energy sector?

A: The scheme is part of a larger initiative to boost renewable energy capacity, aiming to make India’s energy infrastructure more resilient and decentralized, thus contributing to a sustainable future.

Q: How does this scheme align with India’s commitments to climate change?

A: PM Suryodaya Yojana aligns with India’s climate change commitments by reducing the dependency on fossil fuels and lowering greenhouse gas emissions through increased use of solar energy.


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