Surya Ghar: Muft Bijli Yojana

Surya Ghar: Muft Bijli Yojana - A Step Towards Sustainable Energy Independence

Introduction

In a bid to promote sustainable energy consumption and reduce reliance on fossil fuels, the Government of India has launched the "Surya Ghar: Muft Bijli Yojana". This ambitious scheme aims to provide subsidized rooftop solar panels to households across the country, enabling them to generate their own electricity and reduce their dependence on the conventional grid.

Key Features of the Scheme:

  • Subsidy: The government will provide a subsidy of up to 40% on the cost of rooftop solar panels, making them more affordable for households.

  • Net-metering: Households will be able to sell excess electricity generated by their solar panels back to the grid, earning credits that can be used to offset future electricity bills.

  • Loan facility: Banks and financial institutions will provide loans at concessional interest rates to those who cannot afford the upfront cost of solar panels.

  • Awareness campaigns: The government will launch awareness campaigns to educate people about the benefits of solar energy and encourage them to adopt the scheme.

Benefits of the Scheme:

  • Reduced electricity bills: By generating their own electricity, households can significantly reduce their electricity bills, leading to long-term savings.

  • Environmental benefits: Solar energy is a clean and renewable source of energy that does not produce harmful emissions, contributing to a cleaner and healthier environment.

  • Energy independence: The scheme will help households become more energy independent and reduce their reliance on the conventional grid, which is often plagued by outages and disruptions.

  • Job creation: The installation and maintenance of rooftop solar panels will create new jobs in the renewable energy sector, boosting the economy.

Challenges to be Addressed:

  • High upfront cost: Despite the subsidy, the upfront cost of solar panels may still be prohibitive for some households.

  • Lack of awareness: Many people are still unaware of the benefits of solar energy and the availability of the scheme.

  • Rooftop ownership: The scheme is only applicable to households that own their roofs, which excludes a large number of people living in rented or apartment buildings.

  • Grid infrastructure: The existing grid infrastructure may not be fully equipped to handle the influx of decentralized energy generation from rooftop solar panels.

Conclusion:

The Surya Ghar: Muft Bijli Yojana is a bold and ambitious initiative that has the potential to transform India's energy landscape. By providing subsidized rooftop solar panels and promoting net-metering, the scheme can empower households to generate their own electricity, reduce their electricity bills, and contribute to a cleaner and more sustainable future. However, there are certain challenges that need to be addressed for the scheme to achieve its full potential. With the government's commitment and active participation from the public, the Surya Ghar: Muft Bijli Yojana can pave the way for a more sustainable and energy-independent India.

In addition to the above, here are some other key points to consider:

  • The scheme is expected to generate 40 GW of solar power by 2025, which will significantly reduce India's carbon footprint.

  • The government has allocated ₹15,000 crore (US$2 billion) for the scheme over the next five years.

  • The scheme is expected to benefit over 1 crore (10 million) households across India.

  • The scheme is a part of the government's larger initiative to achieve 175 GW of renewable energy capacity by 2022.

Overall, the Surya Ghar: Muft Bijli Yojana is a landmark initiative that has the potential to revolutionize India's energy sector and contribute to a cleaner and more sustainable future.

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DISCLAIMER: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Mool Capital Private Limited
CIN U67100DL2021PTC382045

SEBI Registered Research Analyst
INH000012449

SEBI Registered Investment Advisor
INA000018708

  1. Type of Registration: Non-Individual.

  2. Validity date: Perpetual/till cancelled

  3. Principal Officer: Mr. Srinivasa Sharan. Phone: +91-9741248158. Email: sharan@mool.one

  4. Corresp. SEBI Office, NBCC Complex, Office Tower-1, 8th Floor, Plate B, East Kidwai Nagar,, New Delhi - 110023, Tel. Board: +91-011-69012998

  5. Compliance Audit Status: FY23-24 Audit Conducted

Registered Address: HN 4066, SECT B, PKT 5/6, VASANT KUNJ, SOUTH DELHI, DELHI - 110070
Correspondence Address: 16 Madhya Marg, First Floor, DLF Phase 2, Gurugram 122002

2024 Mool Capital Pvt. Ltd.

Socials

Get in touch

care@mool.one

8287-000-800

+917827543110

DISCLAIMER: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Mool Capital Private Limited
CIN U67100DL2021PTC382045

SEBI Registered Research Analyst
INH000012449

SEBI Registered Investment Advisor
INA000018708

  1. Type of Registration: Non-Individual.

  2. Validity date: Perpetual/till cancelled

  3. Principal Officer: Mr. Srinivasa Sharan. Phone: +91-9741248158. Email: sharan@mool.one

  4. Corresp. SEBI Office, NBCC Complex, Office Tower-1, 8th Floor, Plate B, East Kidwai Nagar,, New Delhi - 110023, Tel. Board: +91-011-69012998

  5. Compliance Audit Status: FY23-24 Audit Conducted

Registered Address: HN 4066, SECT B, PKT 5/6, VASANT KUNJ, SOUTH DELHI, DELHI - 110070
Correspondence Address: 16 Madhya Marg, First Floor, DLF Phase 2, Gurugram 122002

2024 Mool Capital Pvt. Ltd.