The Indian government is taking all possible steps to ensure speedy growth of the renewable energy sector. The Minister of Power, Coal, New and Renewable Energy, Piyush Goyal informed the Rajya Sabha that the government is working on a new renewable energy policy, which will give impetus to the renewable energy sector.
Goyal stated that talks are being held with the stakeholders with regards to developing a new policy. In a written response, Goyal stated that the ministry is working towards the preparation of the renewable energy bill so that it will give the much needed boost to the renewable energy power generation in the country.
Goyal informed the house that the Reserve Bank of India had directed all the scheduled commercial banks that the loans provided to the individuals for the setting up of the off-grid solar and renewable energy projects for the household purpose should be covered under the ‘Priority Sector Lending’.
Source:Energy Next
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