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TN Budget: Big push for energy, EVs and power subsidy
['Nt Bureau']
News Today | First with the news
To accelerate solar adoption, a Rooftop Solar Subsidy Scheme offering subsidies up to Rs 1 lakh has been introduced, with an allocation of Rs 50 crore.
Electric mobility received a significant boost, with the government announcing the establishment of 20,000 public EV charging stations over the next five years, supported by an allocation of Rs 50 crore.
To encourage adoption at the community level, a subsidy scheme for Resident Welfare Associations (RWAs) to install EV charging stations has also been introduced, with Rs 5 crore earmarked.
Overall, a substantial Rs 18,860 crore has been earmarked towards electricity subsidies in the Budget.
The energy announcements reflect the State’s dual strategy of strengthening infrastructure while promoting clean energy adoption and ensuring affordability for consumers.