Modi Should Push for Inexperienced Investments in J&K – Kashmir Observer

Modi Should Push for Inexperienced Investments in J&K – Kashmir Observer

File photograph of PM Narendra Modi

With an intention to encourage folks to put in photo voltaic panels on their rooftops, the 2024-25 Interim Price range has supplied for a budgetary allocation of Rs 10,000 crores on this sector. It is a huge 110% enhance from Rs 4,757 crore allotted in the direction of the photo voltaic vitality sector within the monetary 12 months 2023-2024.  

On February 1st  2024, the Union Finance Minister Sitharaman introduced this from the ground of the parliament whereas presenting the interim funds. The Finance Minister additionally stated that the Centre will supply viability hole funding (VGF) for sure wind vitality initiatives, introduce necessary mixing of compressed biogas in pure gasoline merchandise and strengthen the electrical car ecosystem in steps in the direction of India’s commitments to succeed in web zero carbon emissions by 2070. Quickly after the huge budgetary allocation within the photo voltaic vitality sector, the Authorities formally launched “PM Surya Ghar: Muft Bijli Yojana.” This scheme is projected to ivolve an funding of Rs 75,000 crore in India within the coming years.

Prime Minister Modi, whereas asserting the launch of this renewable vitality scheme on social media platform X, reiterated the federal government’s dedication to offering 300 models of free energy to 10 million beneficiary households.

In an effort to additional sustainable growth and other people’s well-being, we’re launching the PM Surya Ghar: Muft Bijli Yojana. This venture, with an funding of over Rs. 75,000 crores, goals to gentle up 1 crore households by offering as much as 300 models of free electrical energy each month,” he stated in a tweet.

Sponsored  Electrical energy from Clear Power

At a time when set up of good meters is being severely criticized in J&Okay and other people should pay large electrical energy payments, PM’s Surya Ghar Muft Bijli Yojana shall be a recreation changer in J&Okay within the coming years. The BJP lead Govt on the Centre appears focussed on free or backed electrical energy. 

To popularize this centrally sponsored scheme on the grassroots degree, the village Panchayats and municipalities  shall be incentivized to advertise rooftop photo voltaic methods of their respective jurisdictions. This scheme in accordance with consultants will result in extra huge lower within the energy payments and also will guarantee employment technology as nicely.

 “From substantive subsidies, which shall be given on to folks’s financial institution accounts, to closely concessional financial institution loans, the Central Authorities will be certain that there is no such thing as a value burden on the folks. All stakeholders shall be built-in right into a Nationwide On-line Portal which can additional comfort,”  PM Modi stated in one other publish on X

Rs 18000 annual financial savings

Whereas presenting the interim funds, the Union Finance Minister Nirmala Sitharaman stated that the ten million beneficiaries of this new scheme would be capable to get 300 models of free energy via the rooftop photo voltaic installations and this may end in an annual saving of  Rs15,000-18,0000 per 12 months per household roughly.  The Union Finance Secretary T V Somanathan after the presentation of the funds additionally added that the federal government has provisioned Rs10,000 crore for rooftop photo voltaic within the funds. 

The Union Energy Minister R Okay Singh  who additionally holds the cost of  New and Renewable on February 2nd final month stated the subsidy for rooftop photo voltaic installations had been hiked from 40 % to 60% underneath the brand new scheme. The Govt of India is planning to  implement this scheme via Particular Objective Autos (SPVs) established by central public sector enterprises (CPSEs) designated for every state.

India’s nationwide assertion at COP 28th 

Bhupender Yadav, the Union Minister for Atmosphere, Forest and Local weather Change, whereas presenting India’s nationwide assertion at COP 28 in Dubai on December 9th 2023, had stated that India has been on the forefront of supporting action-oriented steps on the world degree in response to local weather change. He informed the august gathering that the Prime Minister of India,  Narendra Modi gave a name to the world to affix Mission LiFE – Life-style for Atmosphere which bears testimony to India’s action-oriented strategy. 

He highlighted the Inexperienced Credit score Initiative created and the historic pact of adoption of the Inexperienced Improvement Pact by the G20 nations as a part of the New Delhi Declaration. Union Minister additionally whereas throwing gentle on the GreenHouse Fuel Emissions -GHG stated that India has finalized its Third Nationwide Communication based mostly on GHG stock of 2019 together with Preliminary Adaptation Communication.

“In our endeavour to decouple financial development from greenhouse gasoline emissions, India has efficiently decreased the emission depth vis-à-vis its GDP by 33% between 2005 and 2019, thus reaching the preliminary NDC goal for 2030, 11 years forward of the scheduled time.India has additionally achieved 40% of electrical put in capability via non fossil gas sources, 9 years forward of the goal for 2030. Between 2017 and 2023, India has added round 100 GW of put in electrical capability, of which round 80% is attributed to non-fossil fuel-based assets”, The Union Minister added.

Inexperienced Funding in J&Okay

Planet earth is dealing with a number of challenges like world warming, local weather change, lack of biodiversity, deforestation, and air pollution. That is extra extreme within the Himalayan area particularly Jammu & Kashmir.

The very best funding in J&Okay is to make investments in the direction of sustainable growth. As PM Modi is already dedicated in the direction of clear and inexperienced vitality and big budgetary allocations have been made in these sectors particularly photo voltaic vitality, wind vitality, compressed biogas – CBG and so on. I consider all these sectors have an enormous scope in J&Okay in addition to Ladakh. PM Modi should encourage investments in these sectors. Different sectors which can strengthen the inexperienced funding in J&Okay are sustainable agriculture, horticulture, floriculture , dairy , sheep and goat farming and so on. 

There’s a nice scope to put money into waste administration and sustainable tourism as nicely.  It can create job alternatives in numerous sectors corresponding to clear vitality, inexperienced transportation, and sustainable tourism. The expansion of this sector may even enhance the demand for inexperienced jobs and can  create alternatives for innovation and entrepreneurship within the sustainability sector. The sustainable agriculture or horticulture practices with least use of pesticides will promote soil well being  and cut back land degradation. This may even strengthen our biodiversity, wildlife and all our pure ecosystems that are proper now underneath extreme risk.

As per the draft Wind Energy Coverage of Govt, J&Okay has an installable wind vitality potential of 5311 MW at 50m peak and 5685 MW at 80m peak however not even 5 MW of electrical energy is generated in J&Okay from wind. Quite the opposite , 10,000 MW of electrical energy is generated from wind in Gujarat and Tamilnadu. Equally from Dal lake weeds, horticulture and agriculture waste  massive portions of compressed biogas -CBG may be manufactured however this selection has not been explored. Govt can search large investments in electrical mobility, establishing eco lodges and establishing natural vegetable and fruit farms


Prime Minister Modi’s slogans like One solar, One world, One grid; One earth, One household, One future needs to be reworked right into a actuality. Infact, by doubling the budgetary allocation in the direction of the photo voltaic vitality sector and allocating large funds for establishing compressed biogas crops or rising electrical mobility throughout India, the Govt has already began fulfilling its commitments.  

At a time when Kashmir valley is shedding its fertile agricultural land to non-farm actions and our streams are getting over-exploited with mining and a few are getting choked with strong and liquid waste, I see a darkish future for Kashmir. At this significant juncture, PM Modi can resolve these points to assist Jammu & Kashmir breathe for a lot of centuries to return. 

  • Views expressed within the article are the creator’s personal and don’t essentially symbolize the editorial stance of Kashmir Observer

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