Union Budget 2025: Impact On Solar and Rural Development Initiatives
The Union Budget 2025-26 reaffirms India's commitment to sustainable development and energy independence by prioritizing solar energy expansion and rural infrastructure projects. Key initiatives such as the PM Surya Ghar Muft Bijli Yojana, PM-KUSUM, and Jal Jeevan Mission have received significant financial allocations, while strategic reductions in import duties on solar components aim to accelerate the country’s transition to renewable energy. Budget Allocations for Solar Energy The government has allocated ₹1,500 crore specifically for the solar power grid segment. Furthermore, the overall budget allocation for renewable energy has seen a significant increase from ₹4,757 crore in FY 2023-24 to over ₹8,000 crore in FY 2024-25. This demonstrates a strong policy push toward expanding India's solar capacity and reducing reliance on conventional energy sources. PM Surya Ghar Muft Bijli Yojana Introduced in February 2024, the PM Surya Ghar Muft Bijli Yojana enables ...