Article Link:
Govt
looks to further relax solar power scheme credit process for households
Extract from the article:
In a move towards promoting solar energy
adoption, the government is aiming to simplify the loan application process for
rooftop solar installations through the PM Suryaghar Muft Bijli Yojana. The
scheme, set to achieve 10 million installations by 2026-27, offers loans with a
subsidized interest rate of 7% to eligible households.
Understanding the significance of making solar
power more accessible to households by easing the financial burden through
affordable financing mechanisms is crucial for achieving the country's
renewable energy targets efficiently.
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My Take:
Rooftop
Solar Opportunity Lost
Reflecting on my past blog, where I proposed a
solution for promoting rooftop solar installations without direct subsidies,
the current government's initiative to offer subsidized loans aligns with the
concept of providing financial assistance to encourage solar energy adoption.
The idea of a "Roof-Top Green Solar Loan" could complement the
ongoing efforts to streamline the credit process, making solar power more
accessible to a broader segment of society.
Shri
R.K. Singh - Revolutionary
In a previous article, I highlighted the need
for enabling individual building owners and societies to install rooftop solar
plants with the support of empanelled agencies. The current government's
initiative to simplify loan processes for rooftop solar installations resonates
with the idea of facilitating easy access to financing options. By empowering
societies to repay loans through savings redirected from conventional grid
power purchases or solar power generation, a sustainable model for promoting
solar energy adoption at the grassroots level can be established.
---
Call to Action:
To the Ministry of New and Renewable Energy
and distribution companies (DISCOMs) involved in implementing solar power
schemes for households, I urge you to continue innovating and simplifying
processes to make renewable energy solutions more accessible to the public. By
further enhancing the credit process and ensuring timely disbursement of loans,
you can accelerate the adoption of solar power and contribute significantly to
India's renewable energy goals.
With Regards,
www.HemenParekh.ai /
20 Dec 2024
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