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PM launches mega scheme to improve power distribution

Prime Minister Narendra Modi has launched Power Ministry’s flagship “Revamped Distribution Sector Scheme” with an aim to improve the operational efficiencies, besides ensuring financial sustainability of power distribution companies. With plans to provide 25 crore Smart Prepaid meters to the consumers all over the country, the scheme has an outlay of Rs.3,03,758 crore to be spent over the next five years beginning FY 21-22 to FY 25-26. Under this scheme the DISCOMs will be provided financial assistance for the modernisation as well as strengthening of distribution infrastructure. The scheme aims at improvement of the reliability and quality of power supply to the end consumers. A national portal for rooftop solar was also launched by the PM. The portal will enable tracking of the entire process of installation of rooftop solar plants online. The process will start from registering the applications to the release of subsidy in the bank account of the residential consumers—after the installation and the plant’s inspection. The scheme is expected to emerge as a major step towards unleashing the potential of solar rooftop in the country. It is estimated that the capacity of national solar rooftop program will be 4000 MW and it will contribute towards the country’s target to produce 500 GW energy using non-fossil fuels in accordance with the commitment made at COP-26 Summit. During the announcement, the  PM also laid the foundation stone of NTPC’s green energy projects worth Rs Read the full article