FE
In line with the government’s commitment of achieving net-zero carbon emissions by 2070, the interim Budget has rolled out a number of green initiatives providing incentives for solar and wind energy.
The most important among them is the rooftop solarisation scheme, under which 10 million households will be enabled to receive up to 300 units of electricity free every month. This follows Prime Minister Narendra Modi’s announcement of the ‘Suryodaya Yojana’ on January 22.
“Households will be able to save Rs 15,000-18,000 annually from free solar electricity and selling the surplus to distribution companies,” the finance minister said.
The scheme will also create employment opportunities for youth with technical skills in manufacturing, installation and maintenance, and entrepreneurship opportunities for supply and installation vendors.
