Cabinet Approves Rs 5,070 Crore Scheme for Floating Solar Projects under PM Surya Sarovar Yojana

The government has approved a new funding scheme, which is set to extend over a period of five years. This initiative aims to provide financial support of up to ₹1 crore per megawatt (MW) for eligible projects. The total financial outlay for the scheme is estimated to be ₹5,070 crore.

This funding program is expected to promote the development of renewable energy projects and enhance the overall energy infrastructure in the country. By facilitating substantial investment in clean energy, the government aims to attract more stakeholders in the renewable sector, fostering innovation and contributing to the nation’s sustainability goals. Further details regarding eligibility criteria and application processes are anticipated to be released in the coming weeks.