Himachal Cabinet Initiates Solar Project For Youth Startup Program

  • Through this scheme, the participants will get an opportunity to earn around Rs 20,000 monthly
  • The capacity of this project is from 100 kW to 500 kW

The Himachal Pradesh Cabinet recently announced a plan to commence the Rajiv Gandhi Swarozgar Start Up Yojna, Phase (II) for setting up Solar Power Projects (SPPs).

The capacity of this project is from 100 kW to 500 kW for the youth aged between 21 and 45 years, which will help to achieve the government’s ‘clean energy’ initiatives.

This project will be not only helpful for self-employment opportunities but also accelerate economic growth.

Through this scheme, the participants will get an opportunity to earn around Rs 20,000 monthly for 25 years for a 100 kW to be installed in three bighas of land, and Rs 40,000 and rupees one lakh per month for the projects with a capacity of 200  kW and 500 kW, to be set up in five and ten bighas of land respectively.

Under this scheme, beneficiaries are only required to provide a 10 percent security deposit, while the government will assist in securing a 70 percent bank loan and provide 30 percent equity.

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Additionally, the Cabinet has sanctioned the commencement of ‘Sarkar Gaon Ke Dwar’ from January 8th, extending until February 12th, where beneficiaries of government programs will engage in interactions at village clusters across the entire state.

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Nitisha Dubey
Nitisha Dubey
Nitisha Dubey is a journalist at EFY. She focuses on startups and innovations with a deep interest in new technologies and business models.

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