- FM Nirmala Sitharaman announces initiative to provide 1 crore households with rooftop solar energy systems
- Households to benefit from up to 300 units of free electricity every month and savings of up to Rs. 15000 – Rs18,000
- Increased investments in the electric vehicle ecosystem to pave the way for a more sustainable future
In a groundbreaking announcement, Finance Minister Nirmala Sitharaman has revealed a new initiative to promote the use of rooftop solar panels in India. The Finance Minister stated that 300 units of free electricity will be provided to households that opt for solarization of their rooftops.
The “Tofido” (Top of the Roof) scheme aims to incentivize the adoption of solar energy and reduce dependency on non-renewable energy sources. This move is in line with the government’s commitment to promote clean and sustainable energy solutions.
Under the Tofido scheme, eligible households will receive a subsidy to install rooftop solar panels, and in return, they will be entitled to 300 units of free electricity per month. This will not only help reduce the burden of electricity expenses on households but also contribute to the reduction of carbon emissions.
The Finance Minister emphasized that the government is committed to fostering a favorable environment for the growth of renewable energy in India. The Tofido initiative is a step towards achieving the target of increasing the country’s solar capacity to 100 GW by 2022.
The announcement has been welcomed by environmentalists and renewable energy advocates, who see it as a positive step towards a sustainable and eco-friendly future for India. This initiative is expected to not only benefit individual households but also contribute to the overall reduction of greenhouse gas emissions and environmental degradation.
With the Tofido scheme, the government is taking a proactive approach to promote clean energy solutions and encourage citizens to embrace renewable energy technologies. The Finance Minister’s announcement is a significant milestone in India’s journey towards a greener and more sustainable future.