Page 45 - Policy Economic Report - December 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Simplifying Consumer Processes

The scheme has also significantly simplified consumer processes. Previously, applicants had to submit
multiple documents and make repeated visits to DISCOM offices. Now, most DISCOMs have waived
Technical Feasibility approvals for systems under 10kW and digitized their processes, reducing the
documentation burden and streamlining applications. Application can now be filed in 5 minutes on
www.pmsuryaghar.gov.in, which also allows shortlisting and selecting vendors. Applicant can also use the
GIS feature of the portal to see his roof and plan the capacity of rooftop solar system. Loan at 7% interest
rate could also be applied seamlessly on the portal itself. After installation details can also be uploaded
within minutes. Portal automatically informs the DISCOM to inspect, after which applicant could redeem
subsidy also on the portal.

Efficient Subsidy Disbursement

Efficient subsidy disbursement has been another key achievement. Following the conclusion of the Model
Code of Conduct in June 2024, disbursements commenced promptly. By November 2024, over ?3,100
crore had been disbursed to more than four lakh consumers. With an average of 67,000 households
receiving subsidies monthly, the scheme demonstrates operational robustness and a commitment to
timely financial support. Subsidies are now processed within 15 days, enhancing consumer satisfaction.

Satisfied Households

With households receiving subsidy swiftly and with the electricity bills getting significantly reduced more
and more applications are pouring through word of mouth. 28% of the households are getting zero
electricity bills.

Extensive Awareness Campaigns

Extensive awareness campaigns have complemented these efforts, driving registrations and educating
households about the scheme’s benefits. These campaigns are expected to further bolster participation,
ensuring sustained momentum and widespread adoption.

The PMSGMBY is not merely on course to meet its ambitious targets it is set to herald a new era of rooftop
solar success that stands as an exemplary model of sustainable energy deployment globally. With robust
infrastructure, streamlined processes, and a clear vision in place, the scheme is primed for accelerated
growth. It is also poised to deliver far-reaching socio-economic and environmental benefits, setting a
global benchmark for renewable energy integration and empowering millions of households across the
nation.

MNRE Announces Significant Amendment to ALMM Order 2019 to Advance Solar Manufacturing

Ministry of New and Renewable Energy (MNRE) has announced a significant amendment to the Approved
Models and Manufacturers of Solar Photovoltaic Modules (ALMM) Order, 2019 which will have far-
reaching implications for India’s solar power sector and its clean energy transition. This amendment, set
to take effect from 1st June 2026, introduces the long-awaited List-II for solar PV cells under the ALMM

December 2024 Page | 44