Scheme Guidelines for implementation of innovative projects under PM-SGMBY

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.

• 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

Answer: B) The scheme offers financial assistance of up to 60% of the project cost or ₹30 crore, whichever is lower, for innovative projects.