Promise Tracker

Credit scheme to encourage domestic solar electricity generation

Budget Speech para. 411: "To further encourage the transfer to solar energy for households with a monthly electricity bill of over Rs. 2,000, I encourage the Banks to introduce a credit scheme to such consumers. Government will bear 50 percent interest cost on a credit limit of Rs. 150,000. For this purpose, I propose to allocate Rs. 1,500 million." Promise Revised: The credit limit of the loan has been increased from Rs. 150,00 to Rs. 350,000. The credit limit has been increased from Rs. 150,00 to Rs. 350,000.
  • Allocation (Rs. Mn)1,500
  • SectorEnvironment
  • Ministry / Government Institution : Ministry of Power and Renewable Energy

Openness Tracker


RTI: Significant information provided upon RTI request. OTC withMinistry of Renewable Energy: Reluactant to disclose action plan and progress reports. Regused to disclose meeitng minutes, requests to treasury and any document that requires Secretary's approval. OTC with Department of Development Finance: Refused to disclose informaiton. WEB: Action plan write up was available on Ministry of Finance and Mass Media website.

Progress Tracker


The promise is to issue 1,000,000 loans by 2020. As of 25 August 2017, a total of 122 loans have been issued.

Sources of Information

  • Budget Tracker - Website Website
  • Budget Tracker - Website RTI