Press Information Bureau Government of India Ministry of New and Renewable Energy
The Minister of New and Renewable Energy, Dr. Farooq Abdullah, today informed in the Lok Sabha that under the Off-grid Solar Applications Scheme of JNNSM, the Ministry is providing subsidy of 30% of the benchmark cost (Rs. 270/- per watt peak) of the solar photovoltaic (SPV) systems subject to a maximum of Rs.81/- per watt peak for distribution/ installation of solar lanterns and home lights and Rs.57/- per watt peak for SPV water pumping systems to individuals in the country including Bihar. The Ministry is also providing subsidy of 40% of the capital cost limited to Rs.108/- per watt peak for installing solar lanterns, home lights and small capacity PV plants upto 210 Watt peak by individuals through NABARD, Regional Rural Banks and other Commercial Banks. For balance 60% of the cost, the banks extend credit facility to the beneficiary at usual commercial rates.
The Minister of New and Renewable Energy, Dr. Farooq Abdullah, today informed in the Lok Sabha that under the Off-grid Solar Applications Scheme of JNNSM, the Ministry is providing subsidy of 30% of the benchmark cost (Rs. 270/- per watt peak) of the solar photovoltaic (SPV) systems subject to a maximum of Rs.81/- per watt peak for distribution/ installation of solar lanterns and home lights and Rs.57/- per watt peak for SPV water pumping systems to individuals in the country including Bihar. The Ministry is also providing subsidy of 40% of the capital cost limited to Rs.108/- per watt peak for installing solar lanterns, home lights and small capacity PV plants upto 210 Watt peak by individuals through NABARD, Regional Rural Banks and other Commercial Banks. For balance 60% of the cost, the banks extend credit facility to the beneficiary at usual commercial rates.
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