PM Modi launches new rooftop solar power scheme: What it is, why it is needed
On January 22, PM Modi introduced the 'Pradhan Mantri Suryodaya Yojana', aiming to provide rooftop solar power systems to one crore households.
it is a scheme that will involve installing solar power systems at rooftops for residential consumers.
He mentioned that the scheme would not only lower electricity bills for the "poor and middle class" but also contribute to India's self-reliance in the energy sector.
As of December 2023, the solar power installed capacity in India has reached approximately 73.31 GW, according to the Ministry of New and Renewable Energy's website.
Significantly, solar power holds a substantial portion of the country's current renewable energy capacity, amounting to approximately 180 GW.
India is projected to experience the most significant growth in energy demand among all countries or regions worldwide over the next three decades.
To address this rising demand, the country requires a dependable energy source, and relying solely on coal plants is not a sustainable solution.
After installation and inspection of the system, the subsidy is sent directly to the bank account of the consumer.