PM Suryoday Yojana: Families to Save Rs 18,000 Annually with Rooftop Solar Units

New Delhi:

In a major announcement during the presentation of the interim budget for the financial year 2024-25, Finance Minister Nirmala Sitharaman revealed a significant boon for families opting for rooftop solar installations.

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Under the Pradhanmantri Suryoday Yojana,

around one crore households are set to receive up to 300 units of complimentary electricity each month, translating to an annual saving of up to Rs 18,000.

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Free Electricity for One Crore Families

The Pradhanmantri Suryoday Yojana, launched by Prime Minister Narendra Modi, aims to empower families by facilitating the installation of solar power units on rooftops.

Sitharaman highlighted that this initiative aligns with the Prime Minister’s commitment made on the historic day of the consecration of the Ram temple in Ayodhya.

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A Green and Economical Revolution

By harnessing free solar power and even selling surplus energy to distribution companies,

families stand to save a substantial Rs 15,000-18,000 per year, Sitharaman emphasized.

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The scheme not only promotes environmental sustainability but also presents opportunities for electric vehicle charging,

entrepreneurial ventures, and job creation for skilled youth.


Fueling the Green Transition

In line with India’s commitment to achieving ‘net-zero’ emissions by 2070,

the Finance Minister announced the allocation of a viability gap fund for harnessing offshore wind energy potential, starting with an initial capacity of one gigawatt.


Ambitious Renewable Energy Goals

India, with an installed solar power capacity exceeding 73 GW and wind energy capacity at approximately 45 GW,

aims to achieve a remarkable 500 GW renewable energy capacity by 2030.

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President Draupadi Murmu highlighted the significant increase in non-fossil fuel-based energy capacity from 81 GW to 188 GW over the past decade in his address on Wednesday.

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