Invest India - USA’s Post

Calling out investors to bask in the glory of #AndhraPradesh's impressive growth story. With a solar power potential of ~38 GW, the state is well positioned to ride the sunny side of #NewIndia’s sustainable energy growth. Find out more at https://lnkd.in/fVughvb #InvestInIndia #InvestIndia #InvestInAndhraPradesh #RenewableEnergy Ministry of Commerce and Industry, Government of India Department for Promotion of Industry and Internal Trade NITI Aayog

#PradhanmantriSuryodayaYojana 📙 Pradhanmantri Suryodaya Yojana is a central government scheme which aims to provide electricity to low and middle-income individuals through solar rooftop installations, along with offering additional income for surplus electricity generation. The Prime Minister said that the power of the sun 🌤 can be harnessed by every household with a roof to reduce their electricity bills and to make them truly Aatmanirbhar for their electricity needs. Also, he directed that a massive national campaign should be started to mobilize residential segment consumers to adopt rooftop solar in large numbers. 🏠 These rooftop solar panels are photovoltaic panels connected to the main power supply unit. 🌳Thus, it reduces the consumption of grid-connected electricity and saves electricity costs for the consumer. This scheme to make India self-reliant in the energy sector will include citizens who belong to the BPL or poor people with very minimal investment. #SolarPanel #RenewableEnergy #MNRE #SaveEnvironment #Corpbiz

☀️Pradhan Mantri Suryoday Yojana: Brightening Homes and Futures☀️ 🎯Launched in January 2024, the Pradhan Mantri Suryoday Yojana (PMSY) aims to install free solar panels on 1 crore rooftops, primarily targeting low-income and middle-class families. This ambitious initiative seeks to reduce electricity bills, promote clean energy, and boost India's energy independence. 🎯KEY FEATURES: ✅Free Installation: The government covers the cost of solar panels and installation on eligible houses. ✅Increased Subsidies: Enhanced financial aid compared to existing schemes is expected to incentivize participation. ✅Focus on Affordability: Reduced electricity bills and potential surplus power generation aim to improve financial well-being. ✅Environmental Benefits: Increased solar energy adoption contributes to combating climate change and air pollution. IMPACT: PMSY has the potential to significantly increase India's solar power capacity, empower communities, and create new job opportunities in the renewable energy sector. #thefinanaceteacher #finance #personalfinance #financegoals #sucessofinanceiro #financecoach #gestaofinanceira #financeblogger #inteligenciafinanceira #personalfinances #financenews #financefreedom #financeeducation #financemanager #financetips

🚨 Big news for India! Yesterday, Union Finance Minister Nirmala Sitharaman announced significant updates on the PM-Surya Ghar Muft Bijli Yojana. This innovative scheme is set to revolutionize energy access by providing free electricity up to 300 units monthly for one crore households through rooftop solar installations. 🌞🔋 The scheme has already seen an overwhelming response with over 1.28 crore registrations and 14 lakh applications. It promises immense benefits, including annual savings of Rs 15,000-18,000 crore for households from free solar electricity and selling surplus power to distribution companies. This initiative not only aims to reduce energy costs but also promotes sustainable living and a greener future for India. 🌱💡 #PMFreeElectricity #SuryaGharMuftBijli #SolarPowerIndia #GreenEnergy #CleanEnergyIndia #RenewableEnergy #SustainableLiving #SolarRevolution #EnergySavings #RooftopSolar

Low Response to Pradhan Mantri Surya Ghar Yojana in Telangana and Andhra Pradesh Telangana and Andhra Pradesh have shown reluctance towards the Pradhan Mantri Surya Ghar Yojana, a scheme aimed at providing rooftop solar power subsidies to one crore households nationwide. In these states, only 17,152 applications from Telangana and 29,740 from Andhra Pradesh have been received so far, reflecting a poor response compared to other regions like […] https://lnkd.in/gR-hDQnr Telangana and Andhra Pradesh have shown reluctance towards the Pradhan Mantri Surya Ghar Yojana, a scheme aimed at providing rooftop solar power subsidies to one crore households nationwide. In these states, only 17,152 applications from Telangana and 29,740 from Andhra Pradesh have been received so far, reflecting a poor response compared to other regions like Assam, Gujarat, Maharashtra, and Uttar Pradesh where applications are more numerous. The disparity is attributed to the lack of additional subsidies from the state governments of Telangana and Andhra Pradesh, unlike in other states where supplementary incentives are provided alongside the central scheme. For instance, Telangana's provision of free electricity up to 200 units per m...

Ready to embrace the winds of #opportunity in #AndhraPradesh? The coastal state is home to 44 GW of wind power potential (measured at the height of 100 Meters). Click here to start your clean energy journey in the state: https://lnkd.in/fVughvb #InvestInIndia #InvestIndia #InvestInAndhraPradesh #RenewableEnergy Department for Promotion of Industry and Internal Trade Ministry of Commerce and Industry, Government of India NITI Aayog

Solar Roof top story in India , what is required to ensure customers go for it. Three issues highlighted are : 1 Free power in many states for 200- 300 units/household 2 Discoms not keen as it affects their Financials 3 Solar Incentives to reach consumers who invest on time. Free Power is costing many states and instead they can look at converting to Solar Roof top Incentives Module Prices are at historic low and challenge is rapid installation of Roof top capacity among households, hope to see PM Suryadaya scheme takes off fast

The Prime Minister, Shri Narendra Modi announced the launch of rooftop solar scheme for free electricity – PM SuryaGhar Muft Bijli Yojana. ”In order to further sustainable development and people’s well being, we are launching the PM Surya Ghar: Muft Bijli Yojana. This project, with an investment of over Rs.75,000 crores, aims to light up 1crore households by providing up to 300 units of free electricity every month.” ”From substantive subsidies, which will be given directly to people’s bank accounts, to heavily concessional bank loans, the Central Government will ensure that there is no cost burden on the people. All stakeholders will be integrated to a National Online Portal which will further convenience.” “In order to popularise this scheme at the grassroots, Urban Local Bodies and Panchayats shall be incentivised to promote rooftop solar systems in their jurisdictions. At the same time, the scheme will lead to more income, lesser power bills and employment generation for people.” “Let’s boost solar power and sustainable progress. I urge all residential consumers, especially youngsters, to strengthen the PM – Surya Ghar: Muft Bijli Yojana by applying at- pmsuryaghar.gov.in'' Ministry of New and Renewable Energy (MNRE) TSREDCO NREDCAP NTPC Limited EESL #mnre #solarenergy #subsidies #narendramodiji #india #cfa #solarpv #solarpower #sustainability #sustainableenergy #energyefficiency

"Empowering homes, lighting up lives." The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved PM-Surya Ghar: Muft Bijli Yojana with a total outlay of Rs 75,021 crore for installing rooftop solar power units and providing free electricity up to 300 units every month for one crore households. At current benchmark prices, this will mean a Rs 30,000 subsidy for a 1 kW system, Rs 60,000 for 2 kW systems, and Rs 78,000 for 3 kW systems or higher. Households will be able to access collateral- free low-interest loan products of around 7 percent at present for the installation of residential RTS systems up to 3 kW. The scheme, announced by the Prime Minister on February 13, will enable households to save on electricity bills as well as earn additional income through the sale of surplus power to discoms. MyGov India Ministry of New and Renewable Energy (MNRE) MINISTRY OF EDUCATION, GOVERNMENT OF INDIA Narendra Modi #SolarPower #GreenEnergy #PMModi #cleanenergy

🌞 India's Prime Minister Narendra Modi has just announced an ambitious new scheme called the Pradhan Mantri Suryodaya Yojana. The goal is to see solar panels installed on the roofs of 1 crore (10 million) homes in India! This move aims to address the rising per capita electricity consumption in the country while reducing dependence on coal and harmful emissions. 🔌 However, there have been challenges in promoting rooftop solar initiatives in India. As of December 2023, only 11 GW of rooftop solar has been installed, with residential spaces accounting for a mere 2.7 GW. Lack of awareness and high installation costs have been deterrents for households considering solar power. Additionally, delays in receiving subsidies and limited availability of solar loans have further hindered adoption. ⚡ Another hurdle is the process of connecting rooftop solar units to the electricity grid. Power Distribution Companies (Discoms) have been reluctant to support this shift towards solar as it could impact their revenue due to long-term agreements with electricity generators. 🔎 Despite these challenges, achieving the goal of 1 crore solar-powered households is not entirely impossible. A report suggests that the market potential currently stands at approximately 55 lakh (5.5 million) households. To make solar installations more attractive, the government may need to ramp up subsidies and make them more accessible. 🌍 India's renewable energy ambitions and the success of the Pradhan Mantri Suryodaya Yojana are crucial in fulfilling the country's renewable energy commitments while also saving valuable foreign exchange reserves. Read more about India's rooftop solar ambitions and the hurdles they face on this webpage: [URL] #RenewableEnergy #SolarPower #RooftopSolar #Sustainability #India [Pradhan Mantri Suryodaya Yojana]