The prime minister again emphasized the need for India to develop a domestic solar manufacturing industry and also urged officials to get on with plans to make Ladakh carbon-neutral.
The President of India has approved total central financial support of Rs34,422 crore for the Kisan Urja Suraksha Evam Utthan Mahaabhiyan (KUSUM) rural solar scheme. Through the scheme, the government aims to add solar and other renewable capacity of 25.75 GW by 2022.
The interim budget has provided Rs 3,004.90 crore for solar projects development (including both grid-interactive and off-grid and decentralized) in financial year 2019-20, which is just 1 per cent increase over the estimated expenditure of Rs 2,969 crore this fiscal, according to reports.
The Indian government has introduced a number of subsidies under various categories of solar projects, from big PV parks to small rooftop and off-grid installations, in order to achieve its 100 GW solar target by 2022. The current status of the subsidies are summarized below.
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