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Scheme Guidelines for implementation of innovative projects under PM-SGMBY

Published on October 14, 2024
Current Context: The Union Ministry of New and Renewable Energy notified the scheme guidelines for the PM-Surya Ghar: Muft Bijli Yojana on October 8, 2024.
Scheme Guidelines for implementation of innovative projects under PM-SGMBY
  • This scheme, with an outlay of ₹75,021 crore and to be implemented until FY 2026-27, aims to boost rooftop solar capacity and empower residential households to generate their own electricity.
  • It includes components like Central Financial Assistance (CFA) to residential consumers, Model Solar Village, Payment Security Mechanism, and Support for Innovative Projects.
  • With a budget of ₹500 crore allocated for innovative projects, the scheme offers financial assistance of up to 60% of the project cost or ₹30 crore, whichever is lower.
  • The National Institute of Solar Energy (NISE) will serve as the Scheme Implementation Agency (SIA) for this component, encouraging advancements in solar technologies and business models.

Question:

1 How much financial assistance is offered for innovative projects under this PM-Surya Ghar: Muft Bijli Yojana?

  • A) Up to 50% of the project cost or ₹20 crore, whichever is lower
  • B) Up to 60% of the project cost or ₹30 crore, whichever is lower
  • C) Up to 60% of the project cost or ₹30 crore, whichever is lower
  • D) Up to 80% of the project cost or ₹50 crore, whichever is lower
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