Rooftop Solarisation Scheme Announced In Budget

  • The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman announced a slew of measures for the promotion of green growth and renewable energy.

Rooftop Solarisation

  • Through rooftop solarisation, one Crore households will be enabled to obtain up to 300 units of free electricity every month.
  • Savings of 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.

Green Energy

  • Viability gap funding is to be provided for harnessing offshore wind energy potential for the initial capacity of one giga-watt.
  • A coal gasification and liquefaction capacity of 100 MT to be set up by 2030 will help in reducing imports of natural gas, methanol, and ammonia.
  • Phased mandatory blending of Compressed Bio Gas (CBG) in Compressed Natural Gas (CNG) for transport and Piped Natural Gas (PNG) for domestic purposes to be mandated.
  • Financial assistance is to be provided for the procurement of biomass aggregation machinery to support collection.

Electric Vehicle Ecosystem

  • The government will support manufacturing and charging infrastructure”.
  • Greater adoption of e-buses for public transport networks will be encouraged through payment security mechanisms.

Bio-Manufacturing and Bio-Foundry

  • A new scheme of bio-manufacturing and bio-foundry.
  • To provide environment-friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals, and bio-agri- inputs.
  • It will help in transforming today’s consumptive manufacturing paradigm to the one based on regenerative principles”.
Posted in Current Affairs.