National programme on High-Efficiency Solar PV Module

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Overview:

The Government of India has recently approved the Production Linked Incentive Scheme (Tranche II) on ‘National programme on High-Efficiency Solar PV Modules’, with an outlay of Rs. 19,500 crores

About National programme on High-Efficiency Solar PV Module: 

  • The national programme on High-Efficiency Solar PV Modules aims to build an ecosystem for the manufacturing of high-efficiency solar PV modules in India.
  • Associated Ministry: The Ministry of New & Renewable Energy.
  • Funding: Under it, the government has provided an outlay of Rs.19,500 crores for achieving manufacturing capacity.
  • PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants on sales of high-efficiency solar PV modules from the domestic market will be incentivised.

What is the Significance? 

  • This programme will strengthen the Atamnirbhar Bharat initiative and generate employment.
  • It will help in reducing the country’s import dependence in the area of Renewable Energy.

 


Q1) What is the Production- Linked Incentive (PLI), scheme ?

PLI of the Government of India  is a form of performance-linked incentive to give companies incentives on incremental sales from products manufactured in domestic units. It is aimed at boosting the manufacturing sector and to reduce imports.Objective of these schemes entail Make in India, incentivising foreign manufacturers to start production in India and incentivise domestic manufacturers to expand their production and exports

Source: PIB