Green light for Rs. 5,000 crore sop for rooftop solar power

The Cabinet Committee on Economic Affairs on Wednesday approved an increase in the budget for implementation of grid-connected solar rooftop systems to Rs.5,000 crore from Rs.600 crore up to the financial year 2019-2020.

This will support installation of 4,200 MW solar rooftop systems in the country in next five years, according to an official statement.

The capital subsidy of 30 per cent will be provided for general category States and Union Territories and 70 per cent for special category States, including Uttarakhand, Himachal Pradesh, Jammu & Kashmir, Lakshadweep, Andaman & Nicobar Islands and those in the North-East. Read More…