Pradhanmantri Suryoday Yojana:
PM Modi announced the launch of Pradhanmantri Suryoday Yojana .
- Currently, there is no centrally compiled estimate of the number of households in India with rooftop solar installations.
- Pradhanmantri Suryoday Yojana launched on January,2024.
- Objectives is to
- Provide affordable solar energy.
- Increase energy independence
- Promote environmental sustainability.
- It will provide incentives and financial assistance to make it affordable for residential consumers to adopt rooftop solar.
- This scheme comes after India missed its initial target of 40 gigawatts of rooftop solar capacity by 2022 under the existing Rooftop Solar Programme.
- The new scheme signals renewed impetus to achieve the target of 40GW capacity by the extended deadline of 2026.
- With only around 11GW currently installed, the Pradhan Mantri Suryodaya Yojana intends to accelerate rooftop solar adoption.
- The scheme aimed to expand India’s rooftop solar installed capacity in the residential sector by providing Central Financial Assistance and incentives to DISCOMs
- A consumer can avail of the benefits of the scheme through DISCOM tendered projects or through the National Portal
- The DISCOM’s role is limited to issuing of technical feasibility approval, installation of the net meter and inspect the system.
- Net metering is a billing mechanism that credits solar energy system owners for the electricity they add to the grid.
- Surplus solar power units generated from the rooftop solar plant can be exported to the grid.