Renewable Energy Allocation for Renewable Energy
A Gross Budgetary Support (GBS) of Rs. 15 billion (US $ 280 million)has been provided to the Ministry of New and Renewable Energy (MNRE) during 2013-14, in comparison to GBS of Rs. 1385 crore and Revised Estimates of Rs. 11,5 billion (US $ 214 million) during 2012-13, for development and promotion of renewable energy activities.
New Delhi/India - An expenditure of Rs. 11 billion was incurred by MNRE for development and promotion of renewable energy sources, which is about 80% of the GBS and over 96% of the Revised Estimates for the year 2012-13. Against the target of 4125 MW grid connected capacity and 126 MW off-grid applications, the achievements have been 3163 MW and 147 MW respectively during 2012-13.
The Government is continuing various incentive schemes to promote the new and renewable energy sector generation based incentives, viable gap funding etc. to further support the Renewable Energy sector.