PM Modi Announces $9 Billion Surya Ghar Yojana to Promote Solar Rooftops

Prime Minister Modi announced on X (formerly Twitter) the USD 9 billion (INR 75,000 crore) solar rooftop scheme, aiming to illuminate one crore households by providing up to 300 units of free electricity every month. The scheme was also announced during the Union Budget 2024–25.

PM Modi stated that under the scheme, beneficiaries will receive subsidies through direct benefit transfers in their bank accounts along with concessional bank loans. This ambitious initiative aims to generate 100 gigawatts of solar power by 2022, positioning India as a global leader in renewable energy.

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The government plans to invest heavily in creating a robust infrastructure for solar rooftop deployment. This includes establishing manufacturing units for solar panels and other components, setting up training centers for technicians, and streamlining the approval process for installations.
 

The Surya Ghar Yojana offers financial incentives to homeowners and resident welfare associations to install solar panels on their rooftops. The program aims to generate 40 gigawatts of solar power by 2030, significantly reducing India's dependence on fossil fuels and contributing to its climate change goals.
 

This initiative will focus on extensive public awareness campaigns to educate citizens about the benefits of solar energy and encourage participation. Additionally, capacity-building programs will be implemented to train technicians and installers, ensuring the smooth implementation of the scheme.

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