MNRE notifies guidelines for ₹500 crore 'Innovative Projects' component of PM-Surya Ghar
On 8 October 2024, in India, the Ministry of New and Renewable Energy notified Scheme Guidelines for the ₹500 crore 'Innovative Projects' component of PM-Surya Ghar: Muft Bijli Yojana.
Summary
On 8 October 2024, in India, the Ministry of New and Renewable Energy notified Scheme Guidelines for 'Innovative Projects' under PM-Surya Ghar: Muft Bijli Yojana, with ₹500 crore earmarked to encourage advances in rooftop solar technologies, business models and integration, such as blockchain-based peer-to-peer solar trading and rooftop solar integrated with EVs and battery storage. The National Institute of Solar Energy (NISE) is the Scheme Implementation Agency. Selected projects get financial assistance of up to 60% of project cost or ₹30 crore, whichever is lower, and annual innovation awards of up to ₹1 crore. The scheme, approved on 29 February 2024 with an outlay of ₹75,021 crore, runs till FY 2026-27.
Key facts
- Notified
- 8 Oct 2024 (announced 11 Oct)
- Component
- Innovative Projects, ₹500 crore
- Implementing agency
- NISE
- Assistance
- Up to 60% of cost or ₹30 crore, whichever is lower
- Awards
- Up to ₹1 crore annually
- Parent scheme
- PM-Surya Ghar: approved 29 Feb 2024; ₹75,021 crore; till FY 2026-27
Practice MCQs 3 questions
How much has been earmarked for the 'Innovative Projects' component of PM-Surya Ghar: Muft Bijli Yojana, whose guidelines were notified on 8 October 2024?
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Correct answer: A — ₹500 crore
MNRE via PIB (11 Oct 2024): guidelines were notified on 8 October 2024 and ₹500 crore has been earmarked for the Innovative Projects component.
Which body is the Scheme Implementation Agency for the Innovative Projects component of PM-Surya Ghar?
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Correct answer: C — National Institute of Solar Energy
MNRE via PIB (11 Oct 2024): the National Institute of Solar Energy (NISE) will serve as the Scheme Implementation Agency.
Consider the following statements about the Innovative Projects component of PM-Surya Ghar: 1. Selected projects get assistance of up to 60% of project cost or ₹30 crore, whichever is higher. 2. The parent scheme was approved on 29 February 2024 with an outlay of ₹50,000 crore. Which of the statements given above is/are correct?
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Correct answer: D — Neither 1 nor 2
Neither statement is correct. MNRE via PIB (11 Oct 2024): assistance is up to 60% of project cost or ₹30 crore, whichever is lower; the scheme approved on 29 February 2024 has an outlay of Rs 75,021 crore.