Punjab Announces 9B Subsidy for Solar Scheme
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Breaking News: Punjab Announces 9.5B Subsidy for Solar Scheme

Punjab Announces 9B Subsidy for Solar Scheme: The Punjab government has announced a significant budget for the fiscal year 2024-25, introducing an impressive initiative to provide free solar systems to low-electricity consumers in the province. This initiative aims to reduce the financial burden of high electricity costs and bills for residents.

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Roshan Gharana Program in June Budget

  • Budget Allocation: Rs 9.5 billion
  • Target Audience: Households consuming up to 100 units of electricity
  • Benefits: Complete solar systems at no cost

The Roshan Gharana Program, highlighted in the budget, is designed to support domestic users. The Punjab government will cover all expenses related to providing solar systems, helping these consumers enjoy lower electricity bills and access sustainable energy solutions.

Punjab Announces 9B Subsidy for Solar Scheme

Punjab Announces 9.5B Subsidy for Solar Scheme

Chief Minister’s Solarization of Agriculture Tube Wells Program

  • Budget Allocation: Rs 9 billion
  • Objective: Convert 7,000 agricultural tube wells to solar power
  • Sector Benefit: Substantial support for the agricultural sector and promotion of renewable energy

This program is aimed at aiding the agricultural sector by converting tube wells to solar power, thus promoting the use of renewable energy and providing considerable support to farmers.

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Total Budget Volume: Rs 5,446 billion

  • Estimated Total Income: Rs 4,643.4 billion
  • Development Expenditure: Rs 842 billion
    • Includes 77 new mega projects

The fiscal year 2024-25 budget, presented in the Punjab Assembly, emphasizes development and growth. The Finance Minister highlighted the government’s commitment to progress, proposing significant development expenditure.

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Benefits of the Solar Schemes

  • Reduced Electricity Bills: Households consuming up to 100 units of electricity will see a reduction in their electricity bills.
  • Sustainable Energy Solutions: Promotes the use of renewable energy, reducing reliance on traditional electricity sources.
  • Support for Agriculture: Farmers will benefit from solar-powered tube wells, lowering operational costs and promoting eco-friendly practices.

Who is eligible for the free solar systems under the Roshan Gharana Program?

Households consuming up to 100 units of electricity are eligible for the free solar systems under the Roshan Gharana Program.

How much has been allocated for the Chief Minister’s Solarization of Agriculture Tube Wells Program?

The Punjab government has allocated Rs 9 billion for the Chief Minister’s Solarization of Agriculture Tube Wells Program.

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Conclusion

The Punjab government’s 2024-25 budget reflects a strategic focus on sustainable energy and support for both domestic users and the agricultural sector. The Roshan Gharana Program, with a budget allocation of Rs 9.5 billion, promises to ease the financial burden on low-electricity consumers by providing free solar systems. Simultaneously, the Chief Minister’s Solarization of Agriculture Tube Wells Program, allocated Rs 9 billion, aims to revolutionize the agricultural sector by transitioning tube wells to solar power.

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