Technoglitch
Core Member
In a bid to increase the use of clean energy, the Centre today decided to scale up by nearly 10-fold the financial assistance for grid connected rooftop and small solar power plants programme to Rs 5,000 crore.
"The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the scaling up of budget from Rs 600 crore to Rs 5,000 crore for implementation of Grid Connected Rooftops systems over a period of five years upto 2019-20 under National Solar Mission (NSM)," an official statement said.
This will support installation of 4200 MW Solar Rooftop systems in the country in the next five years, it said.
The capital subsidy of 30 per cent will be provided for general category States/UTs and 70 per cent for special category States including i.E., North-Eastern States including Sikkim, Uttarakhand, Himachal Pradesh, Jammu & Kashmir and Lakshadweep, Andaman & Nicobar Islands.
Centre to provide Rs 5K cr subsidy for rooftop solar power | Business Standard News
"The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the scaling up of budget from Rs 600 crore to Rs 5,000 crore for implementation of Grid Connected Rooftops systems over a period of five years upto 2019-20 under National Solar Mission (NSM)," an official statement said.
This will support installation of 4200 MW Solar Rooftop systems in the country in the next five years, it said.
The capital subsidy of 30 per cent will be provided for general category States/UTs and 70 per cent for special category States including i.E., North-Eastern States including Sikkim, Uttarakhand, Himachal Pradesh, Jammu & Kashmir and Lakshadweep, Andaman & Nicobar Islands.
Centre to provide Rs 5K cr subsidy for rooftop solar power | Business Standard News
