SRISTI Scheme – Rooftop Solar Power Plant Subsidy by Central Government

 

SRISTI Scheme – Rooftop Solar Power Plant Subsidy Proposed by Central Government. Full form of SRISTI is Sustainable Rooftop Implementation for Solar Trasfiguration of India

A new SRISTI scheme has been introduced by the Central government in coordination with the New and Renewable Energy Ministry. Under the new SRISTI scheme is a type of scheme that will offer with financial incentive to the beneficiary for installing Solar power plant rooftop projects within the country. The incentives will be offered by the central government.

SRISTI Scheme – Rooftop Solar Power Plant Subsidy Proposed by Central Government

Launch Details

  • The new scheme has been introduced by the central government and will be completely regulated and introduced by Ministry of Renewable and new energy within the country.
  • The exact date of implementation of the scheme has not yet exactly been declared by the central government.

Set Budget

  • As the scheme is a type of subsidy scheme that is introduced nationwide so the central government has already announced to invest around Rs 23,450 crore in the project implementation.
  • The entire project cost for implementation will be done for the fiscal year to be completed till 2021-2022 country wide.

Key features of the scheme

  • According to the latest updates, under the new scheme an incentive will be provided by the central government for installation of solar panels on roof tops for generating sustainable source of electricity.
  • According to the sources the scheme is also considered as advanced version of the earlier introduced MNRE scheme within the country.
  • The central government has also stated that it shall be integrating the Discoms so that the process of solar subsidy can be implemented smoothly.
  • Financial assistance will be provided by the central government for better installation of solar panels on the roof tops for benefiting the residents in generating cheap power supply.
  • Residents will also be offered with benefit for installing in-line capacity according to the regulations of the local government for generating power according to their personal needs. They have to follow the State Electricity regulations (SERC).
  • A subsidy will be provided by the central government for generating 5KWP capacity as compared to the power plant.
  • Central government also aims at manufacturing 40,000 mega watt power under the set budget for the fiscal year.

Incentives under the scheme

Following incentives will be given by the central government under the new scheme.

  • Under this scheme an incentive will be offered to the users belonging to the residential sector for generating 18,000 KW at the rate of Rs 60,000 KW.
  • Discoms facility will also be provided by the government in various sectors including commercial, government, industrial and social. Government will offer with fixed rates of Rs 5500 per KW at Rs 55000 per KW cost.
  • An overall subsidy of Rs 9000 crore will be offered by the government for 5000 MW capacity installation of plant.
  • Rs 14,450 crore subsidy incentive for Dsicoms will be provided by the government for solar panels installation on rooftops for 35000 MW.
  • A power generation of 40GW will be achieved by investing Rs 23450 crore as total outlay of the entire project.

Conclusions

By offering subsidy for solar rooftop installation the central government aims at promoting the ideal of using sustainable form of energy for residential people.

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