Budget 2024: Pradhan Mantri Suryodaya Yojana - A Solar Power Revolution
The recently announced Pradhan Mantri Suryodaya Yojana promises significant relief to Indian households by harnessing the power of the sun. This ambitious scheme aims to provide rooftop solar panels to one crore houses, enabling them to generate their own electricity. Here’s what you need to know:
What is Pradhan Mantri Suryodaya Yojana?
- Objective: The scheme intends to promote green energy adoption by installing solar rooftop panels on residential buildings.
- Free Electricity: Under this program, eligible households can receive up to 300 units of free solar electricity every month.
- Financial Savings: By reducing dependence on conventional electricity grids, families can save approximately Rs 15,000 to Rs 18,000 annually on their electricity bills.
- Environmental Impact: Solarization not only benefits individual households but also contributes to reducing the carbon footprint and easing the burden on electricity distribution companies.
Who Is Eligible?
- 1 Crore Families: The scheme targets one crore households across India.
- Poor and Middle-Income Groups: It aims to benefit economically weaker sections by lowering their electricity expenses.
- Entrepreneurship Opportunities: The initiative also creates opportunities for vendors involved in solar panel supply and installation.
- Youth Employment: Technical skills in manufacturing, installation, and maintenance will lead to employment opportunities for the youth.
How Does It Work?
- Installation: Interested beneficiaries can install solar rooftop systems through approved project developers or system integrators.
- Power Generation: The solar panels generate electricity during daylight hours, reducing reliance on traditional power sources.
- Surplus Electricity: Excess electricity produced can be sold back to distribution companies.
- Charging Electric Vehicles: The scheme also supports electric vehicle charging.
