Sprng Energy, AMPIN, Juniper, ReNew, Avaada Win NTPC’s 1 GW Hybrid Auction

Biofuels Firm GPS Renewables Raises $50 Million in Debt Financing

Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

Funding and M&A Roundup: Nexamp Secures $520 Million

Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report

<div id="stcpDiv">
<p>To help support the power loom sector, the Government of India is formulating a solar energy program for decentralized power loom units in the country. The program will provide financial assistance and capital subsidies for the installation of solar in an effort to address power shortage issues faced by the decentralized power loom units in the country. The program is expected to become effective April 1, 2017.</p>
<p>Under the program, solar can be implemented as either an off-grid project or an on-grid project. Financial assistance will be provided at 50 percent, 75 percent and 90 percent of the basic cost of the project (cost of solar panel + inverter + batteries) for applicants of General, Scheduled Caste and Scheduled Tribe categories respectively, subject to a maximum ceiling of the subsidy.</p>
<p><a href="https://mercomindia.com/wp-content/uploads/2017/07/Solar_Energy_Scheme_for_Powerloom_Sector.png"><img decoding="async" loading="lazy" class="aligncenter size-full wp-image-5158" src="https://mercomindia.com/wp-content/uploads/2017/07/Solar_Energy_Scheme_for_Powerloom_Sector.png" alt="" width="538" height="402" /></a></p>
<p>The subsidy will be extended to both credit linked and non-credit linked solar projects. The subsidy will be applicable only for installation of a solar project for running power loom units and not for individual components, stated Shri Ajay Tamta, Minister for Textiles in the Lok Sabha.</p>
</div>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/saumy/" class="vcard author" rel="author"><span class="fn">Saumy Prateek</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="50" /></p>
<p><strong style="text-decoration: underline">Saumy Prateek</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/saumy/" target="_blank" rel="noopener">More articles from Saumy Prateek</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/saumy-edited-1.png" width="79" height="102" /><a href="https://mercomindia.com/author/saumy/" rel="noopener"><strong>Saumy Prateek, </strong> </a>is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism &amp; Mass Communication from the Manipal Institute of Communication at Manipal University.<a href="https://mercomindia.com/author/saumy/">More articles from Saumy Prateek.</a></div>
</div></div><div class="clearfix"></div></div></div>

Government of India Developing Solar Energy Program for Power Loom Sector

power-loom

Get the most relevant India solar and clean energy news.

RECENT POSTS