Himachal Cabinet Initiates Solar Project For Youth Startup Program

- Advertisement -
- Advertisement -
  • Through this scheme, the participants will get an opportunity to earn around Rs 20,000 monthly
  • The capacity of this project is from 100 kW to 500 kW

The Himachal Pradesh Cabinet recently announced a plan to commence the Rajiv Gandhi Swarozgar Start Up Yojna, Phase (II) for setting up Solar Power Projects (SPPs).

The capacity of this project is from 100 kW to 500 kW for the youth aged between 21 and 45 years, which will help to achieve the government’s ‘clean energy’ initiatives.

This project will be not only helpful for self-employment opportunities but also accelerate economic growth.

- Advertisement -

Through this scheme, the participants will get an opportunity to earn around Rs 20,000 monthly for 25 years for a 100 kW to be installed in three bighas of land, and Rs 40,000 and rupees one lakh per month for the projects with a capacity of 200  kW and 500 kW, to be set up in five and ten bighas of land respectively.

Under this scheme, beneficiaries are only required to provide a 10 percent security deposit, while the government will assist in securing a 70 percent bank loan and provide 30 percent equity.

Additionally, the Cabinet has sanctioned the commencement of ‘Sarkar Gaon Ke Dwar’ from January 8th, extending until February 12th, where beneficiaries of government programs will engage in interactions at village clusters across the entire state.

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Sameer Aggarwal, Founder and CEO, RevFin

“We Have Maintained A Net NPA Rate Below 1%!”

0
Maintaining a low non-performing asset (NPA) rate is considered one of the key factors determining the success of an NBFC (non-banking financial company) operating...

Six Steps To Building Better Business Assets

0
In the journey of asset-building, solving good problems trumps battling bad ones. Dive into six essential steps for building and leveraging effective assets—the game-changer...

India’s Solar Capacity Installation Down By 44.1%, Delayed Projects To Add To 2024 Installations

0
Large-scale solar installations saw a notable decline of 50.8% YoY to 5.8 GW from 11.7 GW in 2022, constituting 77.2% of the annual capacity...

Buzz

NTPC Starts Commercial Operation Of 70 MW Chhattargarh Solar Project

0
The project is designed to produce 370 million units of energy annually, which is equivalent to powering 60,000 households. NTPC Renewable Energy Limited (NTPC REL)...

Noida’s Vervesemi Announces Made-In-India ASIC

0
The newly developed chip, proudly made in India, targets domains such as weighing scales and Force Touch technologies. A fabless semiconductor company based in Noida,...
GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...

Important Sectors

Sameer Aggarwal, Founder and CEO, RevFin

“We Have Maintained A Net NPA Rate Below 1%!”

0
Maintaining a low non-performing asset (NPA) rate is considered one of the key factors determining the success of an NBFC (non-banking financial company) operating...

NTPC Starts Commercial Operation Of 70 MW Chhattargarh Solar Project

0
The project is designed to produce 370 million units of energy annually, which is equivalent to powering 60,000 households. NTPC Renewable Energy Limited (NTPC REL)...

Nasdaq Welcomes Lotus Tech With Modest Rise Post SPAC Deal

0
Lotus Technology's Nasdaq debut sees a 2% share increase post-merger with L Catterton-backed SPAC, marking a $7 billion valuation amidst a challenging EV market...

Log9, Trinity Cleantech Team Up for Interoperable Charging Network

0
They aim to lead the way in advancing Type 6 fast chargers, the next-gen standard for speed and convenience. Trinity's Thunder Platform will integrate...

BYD YangWang U9 Debuts at $236,000: 0-100 km/h in 2.36s, LFP Battery

0
BYD Co. launched its priciest vehicle, a fully-electric supercar costing 1.68 million yuan ($233,450), on Sunday, competing with gas-powered counterparts from brands like Ferrari...

Manufacturing

GlobalFoundries and Qualcomm

Qualcomm Doubles Investment In India, Plans To Invest $1Bn

0
Qualcomm has the largest number of engineers working out of India, with nearly 17,000 of its global workforce of around 40,000 based in the...

Applied Ventures Funds VVDN Technologies

0
The investment demonstrates Applied Ventures' dedication to promoting innovation, collaboration, and entrepreneurship within the semiconductor and electronics manufacturing sectors. Applied Ventures, LLC, the venture capital...

Haryana EV-CO To Manufacture L3, L5 EVs At New Plant

0
The EV maker is self-funded and operates a modern manufacturing facility with cutting-edge technology and equipment. It specializes in producing two and three-wheelers, with...
Sona Comstar

Sona Comstar: First Indian Auto Supplier With PLI Certification

0
Sona Comstar, a leading EV traction motor manufacturer in India, receives PLI certification for its electric two-wheeler traction motor. Sona BLW Precision Forgings, commonly known...

Indian Manufacturers To Get Chinese Mobile Production Orders

0
Dixon has secured an order from Oppo for making phones, with an order size of around 5-6 lakh units per month.  Chinese firms have finally...