Government approves Rs 5050 crore funding to push solar projects - Feedback

The government today approved a ‘viability gap funding’ (VGF) of Rs 5,050 crore for setting up over 5,000 MW of grid linked solar power projects under the Jawaharlal Nehru National Solar Mission.

“The Cabinet Committee on Economic Affairs has given its approval for setting up over 5,000 MW of Grid-Connected Solar PV Power Projects on build, own and operate basis,” an official statement said. After the meeting, Power Minister Piyush Goyal said, “To push solar energy programme, a scheme to provide Rs 5,050 crore VGF for setting up 5,000 MW capacity has been approved.”

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