India is giving incentives to 1 crore families to install solar panels

Logan D Suza

The central government of India officially accepted this project on February 13.

India has decided to give a one-time incentive of 78 thousand rupees (1 lakh 3 thousand 322 rupees in Bangladeshi currency) to each of one crore families for installing solar panels on the roof of their houses. Union Minister of Youth, Sports and Information Anurag Thakur informed this information in a briefing in the capital New Delhi on Thursday.

The minister said that this financial incentive will be provided under the central government’s special scheme ‘Muft Bijli Yojana’ or ‘free electricity’. Every family can use up to 300 units of electricity free of charge from the electricity produced every month after installing the panels. Then the amount of electricity will be taxed. But the amount of that tax is also small.

The central government of India officially accepted this project on February 13. The fund amount of the project is 75 thousand 21 crore rupees. The money will be paid from that fund.

Anurag Thakur said in the press conference, “The central government hopes to fulfill three objectives through this project. Firstly – one crore families will enjoy free electricity service, secondly – India’s domestic production of power panels and various components related to solar energy will increase at a massive rate and thirdly – solar panel equipment manufacturing, supply, installation, operation, maintenance, marketing etc. sectors across the country. More than 100,000 new employment opportunities will be created.

Not only that, the families who are being given incentives can also sell excess electricity to meet their own needs. In addition to free electricity consumption, it will also create additional income opportunities for them,” said the Union Minister in a statement.

Prime Minister Narendra Modi inaugurated the Ram temple in Ayodhya last January. He first spoke about this project in a speech at that time.

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