Mukhyamantri Saur Swarojgar Yojana (MSSY) is a flagship initiative under the Uttarakhand renewable energy scheme aimed to provide employment opportunities to unemployed Youth, Farmers and Migrant persons through Solar Energy. Beneficiaries can install solar power plant at 25 KW on their personal and leased land and Income can be earned by selling the Electricity generated.
Uttarakhand Government has launched The “Mukhayamantri Saur Swarojgar Yojana” to establish a monthly income for its states and Marginal Farmers and young entrepreneurs. Through which 20 to 200 KW self- employment opportunities are being provided. Under the Scheme, you can build a solar plant on your land for 25 years and sell the electricity generated from it at Rs.4.64 per Unit. After which you can generate income of RS 1.5 lakh for yourself every month. The government of Uttarakhand will provide loan at the rate of 9% annual interest for a period of 15 years for setting up a solar plant. Mukhyamantri Saur Swarojgar Yojana is among the leading solar incentives in India, offering up to a 50% subsidy on solar project costs and low-interest loans to participants.
Solar Energy Targets and Capacity Goals
Under the campaign the government will give special exemption to the fast pace of installation of solar projects in 1000 villages of the state selected by Uttarankhand Renewable Energy Development Agency (UREDA). The government has expected that the state will have a capacity of 2000 MW in solar energy by 2025. The government aims to generate 4000 MW of solar energy by 2027 under this Uttarakhand renewable energy scheme, ensuring sustainable growth in the state.
Under the new policy, the government will give many concessions along with subsidy on setting on solar projects.
Employment of local youth has also been guaranteed in this policy. It is said in the policy that whoever sets up a solar project by taking government land on lease will have to provide employment to 70% of the local youth.
It is estimated that the capacity will be 600 MW for large projects, 250 MW FOR residential projects and 700 MW for commercial industry projects, 350 MW for institutions and 50 MW for agriculture.
Energy Corporation will purchase it so that the power crisis of the state can be solved in future. Keeping these possibilities in mind, a new solar energy policy has been prepared in the state.
Read More: PM Surya Ghar Yojna 2024: A Complete Guide to Rooftop Solar Panels Benefits and Application Process
Benefits of Mukhyamantri Saur Swarojgar Yojana
- One of the most attractive solar incentives in India, this scheme ensures a high return on investment through subsidies and bank interest support.
- This scheme enables participants to earn a fixed income of ₹1.5 lakh monthly for up to 25 years through solar energy production
- You can create a secure income source for yourself and your future generation.
- In this scheme, will be compromise to UPCL which will secure your income.
- Stress-free loans will be available from corporate banks and nationalized bank.
- Citizens will get a source of income ranging from 10000 to 15000 rupees as soon as “Mukhayamantri Saur Swarojgar Yojana” in 2024.
- High rate of return on low capital investment due to 50% subsidy on solar plant cost + bank interest subsidy of Rs. 5 lakh per year for 3 years.
- This will produce clean energy which will keep the environment safe.
Features of the Scheme
- This scheme was started by the state government during Covid 19 because at that time a large number of labourers were are facing difficult problems.
- Under this scheme, small farmers and unemployment youth who had no means of earning will also get employment
- Under this scheme of the government, the barren land which is not fit for agriculture will be taken on lease and solar pumps will be installed.
- Due to lack of employment, people who were migrating from villages to cities will get employment at their homeland, which will reduce migration.
- For a 20 to 200 KW solar plant, you will need 240-3,000 square meters of land.
- Climate will also provide seeds of medicinal and herbal plants for that land free of cost.
- Where solar plants will be installed so that they can generate additional income through agriculture
Eligibility Criteria
- To apply the scheme, it is mandatory for the applicant to be a resident of Uttarankhand.
- To apply under the scheme, the applicant must be 18 years of age or above.
- Under this scheme an applicant can apply only once.
- The scheme is designed to benefit unemployed youth and ensure they have access to solar energy jobs in Uttarakhand
- The applicant should not be a defaulter of any nationalized bank.
- Only one application per family has been fixed by the government.
- Applicant should have land of 240 to 3000 square meters.
Income Potential from Solar Plants
| Plant Capacity (KW) | 20KW | 25KW | 50KW | 100KW | 200KW |
|---|---|---|---|---|---|
| Estimated Project Capacity | 10,00,000 | 12,50,000 | 25,00,000 | 50,00,000 | 10,00,00,000 |
| Estimated Annual Power Generation In Unit | 30,400 | 38,000 | 76,000 | 1,52,000 | 3,04,000 |
| Loan Amount | 7,50,000 | 9,37,500 | 18,75,000 | 37,50,000 | 75,00,000 |
| Margin Money | 3,00,000 | 3,75,000 | 7,50,000 | 15,00,000 | 30,00,000 |
| MSME Grant (50%) | 5,00,000 | 6,25,000 | 12,50,000 | 25,00,000 | 50,00,000 |
| Per Unit Paid By UPCL | 4.64 | 4.64 | 4.64 | 4.64 | 4.64 |
| Annual Revenue (₹) | 1,41,056 | 1,76,320 | 3,52,640 | 7,05,280 | 14,10,560 |
| Annual Maintenance And Rent / Side Payment | 20,000 | 25,000 | 35,000 | 75,000 | 1,50,000 |
| Monthly (EMI) 8% Per Annum For 15 Years | 1.911 | 2,389 | 4,778 | 9,557 | 19,113 |
| Total Monthly Income | 8,177 | 10,221 | 21,692 | 42,966 | 85,934 |
| Total Monthly Income After Loan Repayment | 10,088 | 12,610 | 26,470 | 52,523 | 1,05,047 |
Required Documents for Application
- Applicant’s Aadhaar Card
- Basic address proof
- Income certificate
- Land documents
- Detailed description of the project
- Application Fee Draft Certificate
- Employment registration number
- Bank account information
- Passport size photo
- Mobile number
Read More: PM Kusum Yojana Scheme: Complete Guide to Solar Power Benefits and Application Process
Who can apply for this scheme?
- Only unemployed youth, farmers, and migrants who are permanent residents of Uttarakhand and are 18 years or older can apply.
How much income can I generate from a solar power plant under this scheme?
- Depending on the plant size, a 25 KW plant can generate an income of approximately ₹10,221 per month after loan repayment. Larger plants like 100 KW can generate over ₹42,000 monthly.What are the benefits of the Mukhyamantri Saur Swarojgar Yojna
What are the benefits of the Mukhyamantri Saur Swarojgar Yojna
- The scheme provides employment, financial stability, and a source of income through solar energy. It also includes a 50% subsidy on plant costs and loans at 9% interest.
How can I apply for Mukhyamantri Saur Swarojgar Yojna in Uttarakhand?
- To apply, visit the Uttarakhand Renewable Energy Development Agency (UREDA) website or office. Submit the application form with required documents such as Aadhaar card, income certificate, and land documents.
