MNREs move to stall JNNSM scheme draws flak
Jayarama Emani | The Dollar Business President of SESI (Solar Energy Society of India), Ajay Prakash Shrivastava, expressed his displeasure over The Ministry of New and Renewable Energy (MNRE) reported move to stop commercial banks from giving loans for installing solar home lighting system under the subsidy scheme since it is burdened with pending subsidy claims. The ‘solar home lighting system’ scheme is a bank loan cum capital subsidy scheme mooted as part of the Jawaharlal Nehru National Solar Mission (JNNSM) that is funded through the National Bank for Agriculture and Rural Development (NABARD) and its branches. Speaking to The Dollar Business, Shrivastava said, “This is really a sad news for Solar Energy Sector especially for the rural areas ...
Bio-fertilizer projects likely to reduce India's fertilizer imports
The Dollar Business Bureau In a move to reduce the dependence on imports and further encourage the domestic fertilizer sector, the Government of India (GoI) mulls to promote the use of bio fertilizers across the country. To this effect, the government has taken various measures for encouraging the farmers, towards usage of bio-fertilizers, informed the Minister of State for Chemicals & Fertilizers, Hansraj Gangaram Ahir, GoI. Under these measures, the government provides financial assistance for establishment of bio-fertilizers production unit as back ended subsidy, at 25% of total financial outlay up to a maximum of Rs 40 lakh, through National Bank for Agriculture and Rural Development (NABARD). Besides this, a financial assistance of 50% of cost will also be ...
