In a transformative move, Finance Minister Nirmala Sitharaman’s Interim Budget 2024 focuses on propelling solar energy adoption.
Finance Minister Nirmala Sitharaman took the stage in presenting the Interim Budget 2024, unveiling a robust plan for rooftop solar energy.
The government aims to support crores of households through the rooftop solarisation scheme, providing up to 300 units of free electricity monthly. Resulting in annual savings of Rs 15,000-18,000 for households, surplus electricity can be sold to distribution agencies. These households, in addition to reaping the benefits, can sell surplus electricity to distribution agencies.
Beyond these benefits, the initiative stimulates the electric vehicle charging ecosystem, paving the way for entrepreneurial opportunities. The strategic move extends beyond mere savings, as it holds the potential to fuel the electric vehicle (EV) charging ecosystem.
The surge in demand for solar panels opens avenues for entrepreneurial ventures, creating opportunities for vendors involved in the supply and installation of EV chargers. This multifaceted initiative not only addresses energy needs but also serves as a catalyst for youth, equipping them with technical skills essential for the manufacturing, installation, and maintenance of solar panels and EV chargers. The ripple effect promises to bolster economic growth and sustainability in the long run.