Latest news with #PMSGY
Time of India
an hour ago
- Business
- Time of India
PM solar scheme faces hurdles in six states despite national rooftop solar push
Pradhan Mantri Surya Ghar Yojana ( PMSGY ) beneficiaries are facing biggest hurdles in Andhra Pradesh, Karnataka and West Bengal, with less than 5 per cent applications resulting in installations. The scheme is facing major challenges in Meghalaya, Nagaland and Arunachal Pradesh as well, according to official data. These six states have performed much below the national conversion rate of 24.4 per cent under the scheme which has led to 1.14 million rooftop solar installations across the country till date. The absence of easy financing, despite directives issued by the Centre, is a major bottleneck hindering PMSGY implementation, said experts. Another key reason, according to them, is the lack of trained technicians, which has resulted in poor application to installation conversion rate in the eastern and north-eastern states. Gujarat, Maharashtra, Uttar Pradesh, Kerala and Rajasthan account for 78 per cent of rooftop solar installations in India. With a 75.7 per cent conversion rate, Gujarat has the highest efficiency with regard to PMSGY implementation. "High conversion rates indicate effective policy implementation and consumer awareness," said a study by The Energy and Resources Institute ( TERI ). The Centre approved a ₹75,021 crore outlay for PMSGY in February 2024. It aims to provide up to 300 units of electricity for free to 10 million Indian households which opt to install rooftop solar generation projects. The scheme offers 60 per cent subsidy on the cost of rooftop solar projects (up to 2 kW capacity) and 40 per cent of additional system cost for those with 2-3 kW capacity. "Bank loan is one of the major hurdles for marginalised segments seeking benefits under PMSGY as it is taking more time than envisaged," Alekhya Datta, associate director, electricity and renewables division, TERI, told ET.
Time of India
9 hours ago
- Business
- Time of India
PM solar scheme lags in Andhra, Karnataka, Bengal
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel New Delhi: Pradhan Mantri Surya Ghar Yojana ( PMSGY ) beneficiaries are facing biggest hurdles in Andhra Pradesh, Karnataka and West Bengal, with less than 5% applications resulting in installations. The scheme is facing major challenges in Meghalaya, Nagaland and Arunachal Pradesh as well, according to official six states have performed much below the national conversion rate of 24.4% under the scheme which has led to 1.14 million rooftop solar installations across the country till absence of easy financing, despite directives issued by the Centre, is a major bottleneck hindering PMSGY implementation, said experts. Another key reason, according to them, is the lack of trained technicians, which has resulted in poor application to installation conversion rate in the eastern and north-eastern Maharashtra, Uttar Pradesh, Kerala and Rajasthan account for 78% of rooftop solar installations in India. With a 75.7% conversion rate, Gujarat has the highest efficiency with regard to PMSGY implementation."High conversion rates indicate effective policy implementation and consumer awareness," said a study by The Energy and Resources Institute ( TERI ).The Centre approved a ₹75,021 crore outlay for PMSGY in February 2024. It aims to provide up to 300 units of electricity for free to 10 million Indian households which opt to install rooftop solar generation projects. The scheme offers 60% subsidy on the cost of rooftop solar projects (up to 2 kW capacity) and 40% of additional system cost for those with 2-3 kW capacity."Bank loan is one of the major hurdles for marginalised segments seeking benefits under PMSGY as it is taking more time than envisaged," Alekhya Datta, associate director, electricity and renewables division, TERI, told ET.
News18
20-05-2025
- Business
- News18
Good News For Delhiites, Govt Approves Subsidy Of Up To Rs 1,08,000 On Solar Panels
Last Updated: Under the new scheme, Delhi residents who opt to install a 3-kilowatt solar panel system will receive a combined subsidy of up to Rs 1.08 lakh. In a significant move to accelerate the adoption of renewable energy and curb pollution, the Delhi government, led by Chief Minister Rekha Gupta, has approved an unprecedented solar subsidy package, the largest of its kind for the national capital. The announcement was made following a Delhi Cabinet meeting held on Tuesday, May 20. Under the new scheme, residents who opt to install a 3-kilowatt solar panel system will receive a combined subsidy of up to Rs 1.08 lakh. This includes Rs 78,000 already offered under the Centre's Pradhan Mantri Surya Ghar Yojana (PMSGY) and an additional Rs 30,000 now pledged by the Delhi government. 'This is a historic moment for Delhi," said Environment Minister Manjinder Singh Sirsa, while briefing the media. Until now, citizens received assistance only from the central government. But Chief Minister Rekha Gupta added Rs 30,000 more, raising the total benefit to over Rs 1 lakh, he said. The state also announced a direct subsidy of Rs 10,000 for residents opting for a smaller 1-kW solar unit. Sirsa further revealed that financing arrangements have been made so that citizens will not have to pay any upfront costs. Banks will provide up to Rs 90,000 as financial assistance for a 3-kW system, which users can repay in monthly installments of approximately Rs 4,200. Beyond renewable energy, the cabinet also approved a sweeping anti-pollution initiative aimed at tackling the city's air quality crisis ahead of the winter months. The Public Works Department (PWD) will deploy 210 water sprinklers and 70 mechanical road sweepers, while the Municipal Corporation of Delhi (MCD) will install an additional 250 sprinklers across city roads. Smog guns, litter collection machines, and automated cleaning technologies will also be rolled out to reduce manual scavenging and improve sanitation efficiency. 'We are acting not just for today, but for the future of Delhi," Sirsa said, adding, 'These measures will significantly reduce dust and particulate matter before the smog season sets in." Marking the 100-day milestone of the Rekha Gupta administration, Sirsa touted the progress as 'unbelievable," crediting the chief minister's round-the-clock dedication. People will be stunned when they hear the 100-day report. The scale of development underway is truly historic, he said. First Published: May 20, 2025, 19:10 IST
