Free Electricity: While presenting the Interim Budget 2024, Union Finance Minister Nirmala Sitharaman made a major announcement that sent shockwaves across the country. In anticipation of the upcoming Lok Sabha elections, Sitharaman unveiled a bold plan that aims not only to meet the immediate needs of citizens but also to align with Prime Minister Narendra Modi’s vision of a self-reliant power system.
Suryoday Yojana 2024:
The centerpiece of this plan is ‘Suryoday Yojana’, a vision by PM Modi to create a self-reliant power ecosystem using solar energy. The initiative, announced on January 22, aims to make the benefits of the solar rooftop program available to all citizens, marking a critical step in reducing dependence on traditional energy sources.
Realizing that the transition of government is imminent, the Finance Minister has presented this budget as an interim measure to ensure uninterrupted flow of essential services. Sitharaman’s speech not only reviewed the achievements of the government over the last decade but also spelled out the path that Prime Minister Modi envisions for the future of the country.
One of the most surprising highlights of the interim budget was the promise of 300 units of Free Electricity per month for every household. This game-changing announcement will be a boon for countless families and is in line with the Prime Minister’s long-standing commitment to install solar systems on the roofs of one million houses across the country.
Prime Minister Modi’s previously announced ambitious solar rooftop scheme has now been confirmed in the interim budget. The potential impact of the scheme is staggering, with each household saving between Rs. 15,000 and Rs. 20,000 per year on its electricity bill. The underlying principle is simple yet powerful – by installing solar panels on their roofs, households can contribute to the country’s achievement of energy self-sufficiency.
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The Suryoday Yojana is not just about reducing electricity bills, it is about empowering low-income families. By installing solar panels, these families will not only have free electricity, but will also have the opportunity to generate surplus energy, thereby creating additional income. Prime Minister Modi has been steadfast in his commitment to promote this initiative across the country and ensure that it reaches every nook and corner of the country.
Finance Minister Nirmala Sitharaman’s announcement to provide 300 units of free electricity per month to one million households through rooftop solar panels is a testament to the government’s commitment to inclusive growth. This visionary initiative not only aligns with Prime Minister Modi’s desire to build a self-reliant India, but also positions India as a global leader in sustainable energy practices.
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As we await the full budget presentation in July-August, Sitharaman’s track record of presenting six consecutive budgets since 2019 is a testament to her commitment to steer the country towards economic prosperity. The mid-term budget is a beacon of hope, heralding an era of change in India’s energy landscape and paving the way for a brighter, more sustainable future.