Gujarat Launches ‘Suryashakti Kisan Yojana’ For Farmers

The Gujarat government launched a solar power scheme for farmers- Suryashakti Kisan Yojana (SKY) enabling them to generate electricity for their captive consumption as well as sell the surplus power to the grid and earn an extra buck. The announcement was made by the Chief Minister Vijay Rupani in Gandhinagar. 

As per the scheme, farmers having existing electricity connection will be given solar panels as per their load requirements. The State and Central governments will give 60% subsidy on the cost of the project. The farmer is required to take 5% cost, while 35% will be provided to him as an affordable loan with interest rates of 4.5-6%.
Source- The Hindu Business Line

Static/Current Takeaways Important for SBI PO/Clerk Exam 2018-
  • Gujarat CM- Vijaybhai R. Rupani, Governor- Om Prakash Kohli.