PRADHAN MANTRI SURYODAYA YOJANA

In January 2024, the Prime Minister announced the 'Pradhan Mantri Suryodaya Yojana' under which one crore households will get rooftop solar panels across the nation.

Goal: To Reduce the Electricity Bill

Nodal Agency: Rural Electrification Corporation (REC)

Key Features:

1. It aims to equip one crore poor to middle-class households with rooftop solar panels in a bit to provide electricity from solar energy.
2. The scheme will not only reduce the electricity bill of the poor and middle class but will also make India self-reliant in the energy sector.
3. To start a massive national campaign to mobilise residential segment consumers to adopt rooftop solar in large numbers.

Eligibility:

1. The candidates must be Indian nationals.
2. The applicant’s yearly income can be up to Rs 1 or 1.5 lakh.
3. All necessary paperwork has to be filed correctly.
4. Candidates should not be working for the government at the moment.

Significance:

1. The scheme aims to achieve 40 GW rooftop solar capacity by March 2026.
2. It will help households to save between Rs 15,000 to18,000 annually.
3.  The net metering policy will allow them to sell any surplus electricity to distribution companies (DISCOMs). 
4. The net-metering policy allows rooftop solar power users to transfer their excess power back into the grid, thereby reducing their electricity costs.
5. It will reduce the consumption of grid-connected electricity and save electricity costs for the consumer.

About Rooftop Solar Panels: Rooftop solar panels are photovoltaic panels installed on the roof of a building that is connected to the main power supply unit.

 

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