The government stated that states will be required to complete the household electrification by March 31, 2019. The total outlay for the Saubhagya scheme will be Rs 16,320 crore. The rural household outlay is estimated to be Rs 14025cr, with Rs 2295cr being for urban households. The scheme will be funded by a 60 percent grant from the government, with the states contributing 10 percent and the remaining amount will be covered by loans. The gross budgetary support for the scheme will be Rs 12,320 cr.
Prime Minister Narendra Modi has launched Sahaj Bijli Har Ghar Yojana or ‘Saubhagya’, to supply 24/7 electricity supply to poor households. The scheme will cover all rural families after electrification of all villages by December 2017.
Source- The Indian Expres