Which ministry oversees Pradhan Mantri Surya Ghar Muft Bijli Yojana Launched in February 2024?
Show answer & explanation
Correct answer: B
Explanation
The main objective of the Pradhan Mantri Surya Ghar: Free Electricity Scheme, launched by Prime Minister Narendra Modi in February 2024, is to provide up to 300 units of free electricity per month to 1 crore households in the country by installing solar panels on their rooftops.
Key features of the scheme:
Subsidy structure: The government provides a 60% subsidy for systems up to 2 kW and a 40% subsidy for systems with an additional 2 to 3 kW.
Financial assistance: Under this scheme, people can also avail collateral-free bank loans at low interest rates.
Revenue opportunity: In addition to free electricity, families can earn ₹15,000 to ₹18,000 annually by selling the excess generated electricity to DISCOMs.