The Government of India has recently approved the Production Linked Incentive Scheme (Tranche II) on ‘National programme on High-Efficiency Solar PV Modules’, with an outlay of Rs. 19,500 crores

About National programme on High-Efficiency Solar PV Module: 

• The national programme on High-Efficiency Solar PV Modules aims to build an ecosystem for the manufacturing of high-efficiency solar PV modules in India.
• Associated Ministry: The Ministry of New & Renewable Energy.
• Funding: Under it, the government has provided an outlay of Rs.19,500 crores for achieving manufacturing capacity.
• PLI will be disbursed for 5 years post commissioning of solar PV manufacturing plants on sales of high-efficiency solar PV modules from the domestic market will be incentivised.

What is the Significance? 

• This programme will strengthen the Atamnirbhar Bharat initiative and generate employment.
• It will help in reducing the country’s import dependence in the area of Renewable Energy.