Renewable Energy

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Indian Economy - Understanding the basics of Indian economic system

Consider the following statements regarding the PM Surya Ghar Muft Bijli Yojana

It is a free electricity scheme which will provide 300 units of free electricity per month to its beneficiaries.
In this scheme Urban Local Bodies and Panchayats shall be incentivised to promote rooftop solar systems.

Select the correct statement.

1 only

2 only

Both

None

Prime Minister of India launched PM Surya Ghar Muft Bijli Yojana to provide free electricity to its beneficiaries.

In this scheme, the central government will provide 300 units of free electricity per month to its beneficiaries by investing worth Rs 75,000 crores.
The free electricity scheme was earlier announced by Finance Minister in interim budget speech.
Target: It aims to light up 1 crore households.
Under the scheme Urban Local Bodies and Panchayats shall be incentivised to promote rooftop solar systems in their jurisdictions.
The Central Government will guarantee no financial burden on the people by providing significant subsidies directly to their bank accounts and offering highly concessional bank loans.

Expected benefits

Savings up to fifteen to eighteen thousand rupees annually for households from free solar electricity and selling the surplus to the distribution companies;
Charging of electric vehicles;
Entrepreneurship opportunities for a large number of vendors for supply and installation;
Employment opportunities for the youth with technical skills in manufacturing, installation and maintenance.

Hence both statements are correct.

By: Shubham Tiwari