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Which scheme was recently approved by the Union Cabinet to promote floating solar power projects?
PM Kusum Yojana
PM Surya Ghar Yojana
PM Surya Sarovar Yojana
National Solar Mission
PM Surya Sarovar Yojana
The Union Cabinet approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) to promote floating solar power projects with an outlay of 5,070 crore rupees.
The PM-SSY is a strategic initiative launched to leverage water bodies for renewable energy generation, helping India meet its ambitious net-zero targets. By focusing on floating solar technology, the scheme addresses land acquisition constraints commonly associated with large-scale ground-mounted solar projects. The inclusion of co-located energy storage signifies the government's push toward stabilizing grid power supply from intermittent renewable sources. This project is aligned with the broader national objective of increasing renewable energy capacity under the National Solar Mission.
Scheme Name: Pradhan Mantri Surya Sarovar Yojana (PM-SSY)
Financial Outlay: 5,070 crore rupees
Capacity Target: 5,000 MW of floating solar capacity
Central Financial Assistance: 1 crore rupees per MW upon successful commissioning
Implementation Period: FY 2026-27 to FY 2030-31
C is correct тАФ The PM Surya Sarovar Yojana was approved by the Union Cabinet to develop 5,000 MW of floating solar capacity with a financial outlay of 5,070 crore rupees.
Remember that 'Sarovar' (meaning lake or reservoir in Hindi) is the keyword for this scheme, distinguishing it from 'Surya Ghar' which focuses on rooftop solar for residential households.