India could bid out 1 GW of offshore wind capacity under the viability gap funding (VGF) scheme and issue guidelines for the PM-Surya Ghar Muft Bijli Yojana within 100 days of the next government taking charge. The PM-Surya Ghar Muft Bijli Yojana, launched on February 13 with an outlay of ₹75,021 crore, aims to solarise 10 million households. The scheme supports infrastructure projects that are economically justified but fall marginally short of financial viability.
Under the previous scheme, consumers were getting a subsidy of Rs 1,80,000 per KW for 1 KW to 3 KW and an additional Rs 9,000 per KW for above 3 KW up to 10 KW. Residents Welfare Associations (RWA) could also avail subsidy up to 500 KW at the rate of Rs 9,000 per KW. The new Yojana, however, makes no mention of subsidies for RWAs.