Wed, Dec 13, 2017

The Government has approved a new scheme to provide financial assistance or capital subsidy to small powerloom units, for installation of Solar Photo Voltaic (SPV) plant, in order to alleviate the problem of power cut and shortages faced by decentralized powerloom units in India.

Under the Solar Energy Scheme, the plants have two options:

  1. On-Grid Solar Power Plant where power cut/shortage is negligible and power tariff is high.
  2. Off-Grid Solar Power Plant in areas where there is power shortage & on-grid power is not continuously available.

Financial assistance or capital subsidy to be given under the scheme is as follows:

S. No Capacity (KWP) Estimated Cost Maximum Subsidy (in rupees)
On-Grid Solar Power Plant Off-Grid Solar Power Plant On-Grid Solar Power Plant Off-Grid Solar Power Plant
1 4 KWP (Typically suitable for 04 looms)
General @ 50% 4,50,000/-  5,50,000/-  2,25,000/-  2,75,000/- 
SC @ 75% 3,37,500/- 4,12,500/-
ST @ 90% 4,05,000/- 4,95,000/-
2 6 KWP (Typically suitable for 06 looms)
General @ 50% 6,00,000/- 7,50,000/- 3,00,000/- 3,75,000/-
SC @ 75% 4,50,000/- 5,62,500/-
ST @ 90% 5,40,000/- 6,75,000/-
3 8 KWP (Typically suitable for 08 looms)
General @ 50% 7,50,000/- 9,50,000/- 3,75,000/-  4,75,000/-
SC @ 75% 5,62,500/- 7,12,500/-
ST @ 90% 6,75,000/- 8,55,000/-

The Scheme will come into force with effect from 1 April, 2017.