The PM surya Ghar Yojana, launched by the indian government, aims to promote the adoption of solar energy across households and small businesses. The scheme encourages people to install solar panels by offering subsidies and financial incentives to reduce the overall cost.
However, many people are still unclear whether businesses with an annual turnover of Rs 20 lakh are eligible to benefit from the scheme. Here’s a breakdown of the rules, eligibility criteria, and how businesses can take advantage of the PM surya Ghar Yojana.
What is PM surya Ghar Yojana?
The PM surya Ghar Yojana is a part of India’s push towards clean energy and sustainability. Under this scheme, individuals, small businesses, and residential units can get solar panels installed on their rooftops with financial support from the government.
The key objectives of the scheme include:
· Providing subsidies to lower the upfront cost of installing solar panels.
· Encouraging the adoption of solar energy as a clean, renewable, and cost-effective source of electricity.
· Helping businesses and households reduce their electricity bills by generating their own power.
Eligibility Criteria for PM surya Ghar Yojana
The scheme is primarily targeted at individual households, but businesses can also participate under certain conditions. Here are the main eligibility rules:
1. Residential Units:
o Any indian citizen who owns a house can apply for the installation of solar panels under this scheme.
o The scheme is particularly beneficial for middle-class families who can’t afford the high upfront costs of installing solar systems.
2. Small and Micro Enterprises:
o Small businesses, especially those involved in manufacturing, retail, agriculture, or services in rural or semi-urban areas, can apply for solar panel installation.
o Businesses must fulfill certain power consumption criteria to qualify, depending on the type of solar system they wish to install.
3. Turnover Limit for Businesses:
o The annual turnover of the business is an important consideration. Small businesses with an annual turnover of up to Rs 20 lakh are eligible for financial aid under the GST exemption category. These businesses fall under the Micro, Small, and Medium Enterprises (MSME) sector.
o However, there is no specific limit mentioned for businesses in terms of turnover to avail the benefits of the surya Ghar Yojana, but larger businesses may need to apply for customized solutions.
Benefits for Businesses Under PM surya Ghar Yojana
If a business qualifies under the scheme, it can avail several benefits, such as:
1. Financial Subsidy:
o Businesses can get up to 40% subsidy on the installation cost for solar panels, which can substantially reduce the overall cost.
o The subsidy percentage may vary depending on the scale of installation and other criteria.
2. Lower Energy Costs:
o Installing solar panels will help businesses lower their electricity bills. The savings on energy costs can offset the initial investment over time.
3. Reduction in Carbon Footprint:
o By adopting solar energy, businesses can significantly reduce their environmental impact, aligning with global trends towards sustainability and eco-friendly practices.
4. Government Support:
o The government has provided soft loans and financial incentives through banks and financial institutions to ensure smooth implementation.
Procedure to Apply for PM surya Ghar Yojana
The process for applying for the PM surya Ghar Yojana is simple and involves the following steps:
1. Step 1: Visit the Official Portal:
o Go to the official website of the Ministry of New and Renewable Energy (MNRE) to find the registration portal for the surya Ghar Yojana.
o Alternatively, you can visit the National Portal for Rooftop Solar or the designated platform for the scheme.
2. Step 2: Submit Application:
o Complete the application form by providing details such as your business type, annual turnover, location, and other necessary information.
o Upload documents such as identity proof, business registration documents, and GST registration if applicable.
3. Step 3: Assessment and Approval:
o Your application will be assessed based on your location, business needs, and eligibility criteria.
o After approval, you will be informed about the installation process and the amount of subsidy you are entitled to.
4. Step 4: Installation:
o Once your application is approved, a solar panel installation team will contact you to install the panels.
o After installation, you will begin generating solar power, which can be used for your business or fed into the grid.
Important Considerations for Businesses with Rs 20 Lakh Turnover
While the annual turnover of Rs 20 lakh does not directly disqualify businesses from applying for the surya Ghar Yojana, there are a few factors that businesses should consider before applying:
1. GST Exemption:
o If your business turnover is below Rs 20 lakh, it qualifies for the GST exemption and can get the subsidy without being affected by GST norms.
2. System Size:
o Businesses with higher power consumption may need a larger solar panel system, which could require more investment even after subsidies.
3. Custom Solutions for Larger Businesses:
o For businesses with higher turnover or greater energy requirements, the scheme may offer customized solutions. In such cases, the business may need to coordinate with solar installers for more tailored systems.
Conclusion
Yes, businesses with an annual turnover of Rs 20 lakh can benefit from the PM surya Ghar Yojana, as long as they meet other eligibility criteria. The scheme aims to promote clean energy and reduce electricity costs for both households and small businesses.
Small businesses and individuals are encouraged to take advantage of the subsidies and financial assistance provided under the scheme to reduce their carbon footprint and save on electricity bills. If you’re a business owner, it’s worth considering how solar panels can benefit your operations in the long term!
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk..jpg)
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