• UGI USER
  • Feb 05, 2024
  • 20 Likes
  • 0 Comments

PRADHAN MANTRI SURYODAY YOJANA

Why in the News?

  • Proposal for the Pradhan Mantri Suryoday Yojana to increase household rooftop solar system adoption.
  • Aimed at providing free electricity to 1 crore families consuming less than 300 units monthly.
Source: NavitaSolar

About Pradhan Mantri Suryodaya Yojana :

  • Estimated cost of around ₹1 lakh crore, with Union government PSUs responsible for installation and maintenance.
  • Public sector units like NTPC tasked with identifying eligible households and facilitating hassle-free installation.
  • Subsidies covering 60% of installation costs; households consuming over 300 units can participate with partial self-financing.
  • Each household requires a 2 to 3 kW system, costing approximately ₹50,000 per kW.
  • Aligns with India’s target of reaching 500GW renewable energy by 2030, emphasizing solar contribution.
  • No deadline set for the scheme, but aims to exponentially expand rooftop solar systems from 6.7 lakh to 1 crore households.
Current Rooftop Solar Landscape

·    As of December 2022, India’s total solar capacity is around 73GW, with only 11GW from rooftop solar.

·    As of July 31, 2023, approximately 2.2 GW of rooftop installations reported in Indian homes.