With the government working on several ambitious clean energy programmes, the Budget for the New and Renewable Energy Ministry was today hiked by more than 20% to Rs 1,212 crore this year.
The total allocation for ministry last year was Rs 1,008.50 crore.
In the Budget presented by Finance Minister Pranab Mukherjee today, the government has allocated Rs 664 crore for grid-interactive and distributed renewable power.
A sum of Rs 176 crore has been allocated for developing renewable energy for rural applications this year.
The government has been focusing on developing renewable energy sources in the country and has also started the National Solar Mission last year, under which it plans to generate 20,000 Mw power by 2022.
Rs 77.50 crore have also been sanctioned to the Ministry for research, design and development in the renewable energy sector.
For developing new energy applications for the urban and industrial usage, Rs 10 crore have been sanctioned.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app