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Solar Scheme 2024: PM Narendra Modi की Suryodaya Yojana

Prime Minister Narendra Modi’s ambitious vision of rooftop solarisation will provide 300 units of free electricity to 1 crore households every month resulting in savings of ₹15,000-20,000 per month. This significant announcement promises a bright future not only for the renewable energy industry but also for numerous enthusiasts and entrepreneurs urging new employment opportunities

The government, in January, increased benchmark central financial assistance for the residential sector under the rooftop solar program to give a push to the projects and cover the higher cost of solar panels.
Support for up to 3 kW capacity was raised to Rs 18,000 per kW for general states, up 23.4%, from Rs 14,588 per kW earlier, according to a notification from the Ministry of New and Renewable Energy.

The Union Budget for 2023-24 had provided for an allocation of Rs 7,327 crore for the solar power sector including grid, offgrid, and PM-KUSUM projects. This was a 48 per cent increase over the previous Rs 4,979 crore provided in the revised estimates for the previous budget.

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PM Suryoday Yojana Online Form 2024 Objective

The ‘Pradhanmantri Suryodaya Yojana’ adds on to an ongoing rooftop solarisation programme running for at least a decade now. About 40 per cent, or 40 gigawatt (GW), of the government’s initial target of setting up 100 GW of solar capacity by 2022 was meant to be through rooftop systems. However, by 2023 end, the country’s total solar capacity stood at 73.3 GW, of which grid-connected rooftop systems comprised only about 11 GW, or 15 per cent.

  • This initiative aims to install rooftop solar panels in the houses of middle and poor-class individuals across the country.
  • By doing so, it enables them to generate sufficient electricity and reduce their bills.
  • The PM Suryoday Yojana Online Form 2024 has achieved self-sufficiency in the energy sector and seeks to assist the poor and citizens below the poverty line with their power bills and lighting-related issues.
  • The primary objective of the Pradhanmantri Suryoday Yojana is to bring vibrancy to every household in India.

PM Suryodaya Yojana Highlights Target Audience
This scheme aims to benefit 1 crore families by providing discounted electricity bills for the poor and middle class.
Promoting Energy Independence: Through the installation of rooftop solar systems, the scheme aims to reduce India’s reliance on traditional power sources and move towards sustainable energy.
Impacting the Market: The initiative is expected to create investment opportunities for businesses involved in solar panel installation and related infrastructure, offering long-term benefits.

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