Solar Panel Makers Likely To Get Green Signal For Priority Sector Lending

Delhi/Hyderabad, Sept 19 (Maxim News):  The Reserve Bank of India (RBI) is considering a proposal to bring the manufacturing of solar panels under priority sector lending by banks as part of the country’s big push for green energy in the fight against climate change. 

A senior official confirmed that the proposal discussed with bankers has the backing of the Finance Ministry as the government is keen to make more funds available to boost indigenous production of solar panels and cut imports. Several discussions have taken place on the issue and a final decision is expected to come through soon. 

The Ministry of Renewable Energy has also been pursuing a proposal to make the Production Linked Incentive Scheme for setting up solar PV module manufacturing capacity more liberal.  Besides, the government has restricted cheap imports of solar panels from China to encourage domestic production. 

However, there are complaints that some Chinese imports are still flowing in from third countries.  The total domestic capacity for manufacturing solar models is about 20 GW, of which about 13.3 GW has been enlisted in the Approved List of Models and Manufacturers.  The capacity for manufacturing solar cells is around 4 GW. (Maxim News)


Next Story :

  • Two Died After Hitting Tree In Warangal

    Two Died After Hitting Tree In Warangal

    Warangal/Hyderabad, Oct 11 (Maxim News): Two youths died after a driver lost control of his two-wheeler and rammed into a roadside tree at Kistapuram village of Rayaparthi mandal of the district in the wee hours of Friday. The deceased were identified as Raju (20) and Anvesh (18).


  • KCR Divided Students Also By Caste Minority, SC, ST, BC: Revanth Reddy

    KCR Divided Students Also By Caste Minority, SC, ST, BC: Revanth Reddy

    Kondurg/Hyderabad, Oct 11 (Maxim News): Chief Minister Revanth Reddy said that this government aims to provide quality education to every student belonging to the Minorities, SC, ST, and BC in Telangana in one place so that they can develop in unity. He also assured that the government will provide improved medical facilities to make Telangana Healthy, the…


  • Governor Warm Greetings Of Vijaya Dasami To Telangana People

    Governor Warm Greetings Of Vijaya Dasami To Telangana People

    Hyderabad, Oct 11 (Maxim News): Governor Jishnu Dev Varma extended his warm and cordial greetings to the people of Telangana on the occasion of Vijaya Dasami. The Navaratri festival renews us with the spirit of joy and jubilation.


  • ED Gave A Big Shock To KCR: Registered Case Against GST Scam

    ED Gave A Big Shock To KCR: Registered Case Against GST Scam

    Hyderabad, Oct 11 (Maxim News): The Enforcement Directorate (ED) gave a shock to BRS President and former Chief Minister K. Chandrasekhar Rao. The ED has registered a case against the GST scam that took place during the previous BRS government’s regime.


Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe.  Click to follow Indtoday’s Facebook pageTwitter and Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.