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Magadh Today - Beyond Headlines > Latest News > Economy > Budget 2024: 1 crore households to get up to 300 units of free electricity if…, says Nirmala Sitharaman
Economy

Budget 2024: 1 crore households to get up to 300 units of free electricity if…, says Nirmala Sitharaman

Gulshan Kumar
Last updated: 2024/02/01 at 8:27 PM
By Gulshan Kumar 1 year ago
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New Delhi, In a significant announcement during the Interim Budget 2024 presentation, Union Finance Minister Nirmala Sitharaman unveiled a revolutionary plan aimed at providing up to 300 units of free electricity per month to 1 crore households through rooftop solarisation.

“Through rooftop solarisation, 1 crore households will be enabled to obtain up to 300 units of free electricity every month,” declared Sitharaman. The initiative is expected to yield substantial benefits, including savings ranging from Rs. 15,000 to Rs. 18,000 for households through free solar electricity, along with the potential to sell surplus energy to distribution companies.

The proposal marks a strategic move towards sustainable and renewable energy solutions, aligning with the government’s commitment to environmental conservation and reducing dependence on conventional power sources.

Rooftop solarisation has emerged as a focal point in the budget, aiming not only to empower households economically but also to contribute to the broader goal of creating an energy-efficient and ecologically responsible nation.

The financial allocation for this ambitious venture, within the framework of Budget 2024, underscores the government’s commitment to driving transformative change and fostering a greener, more sustainable future.

[Stay updated on all Budget 2024 developments and more with MT – Your source for comprehensive business news and market updates.]

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