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Finance Minister Nirmala Sitharaman announced on Thursday the scheme to promote rooftop solarisation and free electricity in one crore households will help obtain up to 300 units of free electricity every month. This is expected to benefit households in savings between up to ₹15,000 and ₹18,000 from free solar electricity and selling surplus to discoms, the FM added.
The FM presented her pre-election budget, which is technically a vote on account and is popularly termed an interim budget. She also said that the scheme follows the resolve of Prime Minister Narendra Modi on the historic day of the consecration of the Ram Mandir in Ayodhya. On January 22, PM Modi announced the Pradhanmantri Suryoday Yojana, an ambitious scheme to promote rooftop solarisation for lower and middle-income households.
The FM said the government will provide viability gap funding for 1 GW of offshore wind energy. India has set a target of 500 GW of renewable energy capacity by 2030. She said the viability gap funding will also be provided for harnessing offshore wind energy capacity of 1 GW to achieve net-zero emissions by 2070.
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