Muft Bijli Yojana was introduced to increase the use of solar power.

economictimes.indiatimes.com India 14-02-2024 Share

Prime Minister Narendra Modi on Tuesday announced the start of the "PM Surya Ghar: Muft Bijli Yojana," which seeks to light up one crore families by delivering up to 300 units of free electricity per month in an effort to promote solar power and sustainable progress. According to Modi, the project would require more over Rs 75,000 crore in funding.

"We are launching the PM Surya Ghar: Muft Bijli Yojana to further sustainable development and people's wellbeing," stated Modi in a post on X. This project, which would cost more than Rs 75,000 crore, will provide up to 300 units of free power each month in an effort to light up 1 crore houses."

The prime minister said, "The central government will ensure that there is no cost burden on the people." This will include substantial subsidies that will be sent straight into people's bank accounts and highly advantageous bank loans.

Modi stated that incentives would be provided to urban local bodies and panchayats to encourage rooftop solar systems within their jurisdictions in order to popularize this plan at the grassroots level.

"At the same time, the scheme will lead to more income, lesser power bills and employment generation for people," stated the prime minister.







 

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