Cabinet approves second tranche of solar PLI worth Rs 19,500 crore

The corpus was increased to Rs 19,500 crore under the Union Budget 2022-23 to accommodate the large number of bids

The Union Cabinet on Wednesday approved the Rs 19,500-crore proposal of the Ministry of New and Renewable Energy (MNRE) for the second tranche of the ‘production-linked incentive’ (PLI) scheme for solar equipment manufacturing.

This is part of ‘National programme on High Efficiency Solar PV Modules’ for achieving manufacturing capacity of giga watt (Gw) scale in high efficiency solar photovoltaic (PV) modules.

The Cabinet in a statement said it is estimated that close to 65 Gw of annual manufacturing capacity of fully and partially integrated solar PV modules would be installed through this scheme.

“The scheme will bring direct investment of