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
- Sector : Environment
- Ministry / Government Institution : Ministry of Power and Renewable Energy
Openness Tracker Open
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 Lagging
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