Context:
- Ministry of New & Renewable Energy, Central Government has proposed SRISTI Scheme. Subsequently, this “Sustainable Rooftop Implementation for Solar Transfiguration of India (SRISTI) scheme” will provide incentives for the installation of rooftop solar power plant projects in India.
- This concept of solar power plant subsidy will form the basis of the revised scheme of MNRE to implement solar rooftop projects in Phase II. Moreover, CCEA note which was submitted earlier to the Union Cabinet in April will get replaced by this SRISTI Scheme.
- The primary objective of this proposed scheme is to generate 40 GW power from the solar rooftops till the financial year 2021-2022. For this reason, central govt. is going to spend Rs. 23,450 crore for this scheme.
SRISTI Scheme – Features
The important features and highlights of this scheme are as follows:-
- This Solar Power Plant Subsidy Scheme will provide incentives for the sustainable implementation of Rooftop.
- Subsequently, this scheme will form the advanced version of the previous MNRE scheme in Phase II.
- Accordingly, govt. will integrate Discoms to implement this solar subsidy scheme.
- Central govt. will provide financial assistance to implement rooftop solar power plants for the residential users.
- Henceforth, users of the residential sectors can install the particular in-line capacity as per their necessity and their SERC (State Electricity Regulation Commission) Regulation.
- Central govt. will provide subsidy up to 5 KWP capacity of power plant.
Source:Sarkariyojana