Electricity Supply is quite inconsistent in almost part of India. Due to scheduled & un-scheduled regular power cuts in most of the state & cities of India, keen in using energy generated by any alternate sources has also gained. But, a high cost of setting up solar power plants is becoming the barrier to receive the renewable sources for the same. To Increase generation of electricity with using solar energy Indian Government has launched Jawaharlal Nehru National Solar Mission in January 2010. The main aim to get the large-scale development of Solar Energy Plants & also to help various domestic production of products, components & critical raw materials to get grid parity nearby 2022.
Subsidy for Residential
The Government will provide 30% of capital subsidy for the installations of solar to the government, institutional, residential & segments only. India raised its solar rooftop budget by a tremendously in the recent time. There is a chance that subsidy can increase as far as 70% for some of the states like Jammu & Kashmir, Sikkim, Uttarakhand, Himachal Pradesh, Lakshadweep. Subsidies soon to be available through state government schemes.
Subsidy for Agriculture
The government introduced a subsidy scheme to help various companies & individuals procure these Solar Energy Plants at minimum costs. The Scheme is being started by IREDA which is also known as India Renewable Energy Development Agency Ltd. Through National Bank For Agriculture and Rural Development (NABARD).