Government Clears Solar Rooftop Scheme and Fertiliser Subsidy

Ronit Kawale
Ronit Kawale  - Senior Editor
3 Min Read

The government has given the green light to several initiatives and decisions during a cabinet meeting, including the PM Surya Ghar Muft Bijli Yojana, a rooftop solar scheme worth ₹75,000 crore for one crore households. Other approvals include a subsidy for phosphatic and potassic (P&K) fertilisers for the upcoming kharif season and the establishment of three semiconductor units in Gujarat and Assam.

Briefing the media post-cabinet meeting, Information and Broadcasting Minister Anurag Thakur stated, “Under the leadership of PM Modi, today’s cabinet meeting approved the ‘PM Surya Ghar Muft Bijli Yojana,’ which will provide 300 units of free electricity to one crore families.”

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Thakur emphasized that this initiative aims to boost solar manufacturing, enhance the supply chain, and generate direct employment for 17 lakh individuals.

As per the scheme announced by Prime Minister Narendra Modi on February 13, households can avail a subsidy of ₹30,000 for a 1 kW system and ₹60,000 for a 2 kW system.

The cabinet also declared a subsidy of ₹24,420 crore for phosphatic and potassic (P&K) fertilisers for the upcoming kharif season, ensuring that farmers continue to receive DAP (Diammonium Phosphate) at ₹1,350 per quintal.

“A nutrient-based subsidy of ₹24,420 crore on P&K fertilisers has been approved for the kharif season from April 1 to September 30,” stated Thakur, specifying the subsidy rates for nitrogen (N), phosphatic (P), potassic (K), and sulphur (S).

The subsidy on phosphatic fertilisers has been increased to ₹28.72 per kg for the 2024 kharif season from ₹20.82 per kg in the 2023 rabi season. However, the subsidy on nitrogen (N), potassic (K), and sulphur (S) remains unchanged for the 2024 kharif season.

Additionally, the government granted approval for the establishment of three semiconductor units in Gujarat and Assam, involving an estimated investment of ₹1.26 lakh crore.

Telecom Minister Ashwini Vaishnaw, during a media briefing, revealed that the construction of all three units would commence within the next 100 days. Tata Electronics Private Limited and CG Power are among the companies set to establish semiconductor units in partnership with international counterparts.

Moreover, the Modi cabinet sanctioned the creation of the International Big Cat Alliance (IBCA) to form a global network for the conservation of tigers and other big cats. A one-time budgetary support of ₹150 crore for the IBCA for a period of five years, from 2023-24 to 2027-28, was approved.

The IBCA, a multi-country, multi-agency coalition, aims to establish a common platform for the conservation of seven big cat species, five of which are found in India: tiger, lion, leopard, snow leopard, and cheetah.

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