Which of the following statement is correct about "Pradhan Mantri Suryoday Yojana" launched by India in Jan 2024?
Answer & explanation
Correct answer: option 1
The Pradhan Mantri Suryoday Yojana (PM Suryoday Yojana) is a recently launched initiative by the Indian government, announced in January 2024 by Prime Minister Narendra Modi. Here's a breakdown of the scheme:
Objective:
- To reduce the electricity bills of middle-class and low-income families in India.
- To promote sustainable energy solutions and energy independence by encouraging the use of rooftop solar panels.
Key Features:
- Target Beneficiaries: Over 1 crore (10 million) households across India.
- Government Subsidy: The government will provide subsidies to eligible families to install rooftop solar panels on their houses.