MSSY Saur Swarojgar Yojna- The Uttarakhand government has launched a number of welfare initiatives aimed at raising the state’s residents’ living standards. A major programme among these is the “Uttarakhand Mukhyamantri Saur Swarojgar Yojna (MSSY),” which began in 2020. The primary purpose of this effort is to financially assist individuals in installing solar power producing equipment on their property.
Eligible individuals are permitted to develop solar power plants with capacities ranging from 20 to 200 kilowatts. The state’s Power Corporation agrees to buy the generated electricity at a fixed rate of Rs 4.64 per unit for 25 years, providing a possible yearly revenue of almost Rs 70,340 for individuals who set up a 25kW unit, based on expected predictions.
MSSY Saur Swarojgar Yojna 2024
In terms of financial aid, the government enables a loan that covers roughly 70% of the total installation cost through recognised banking institutions, with the applicant covering the remainder. These loans, at an interest rate of 8%, are valid for up to 15 years.
Aside from solar electricity, the programme fosters income diversification by supporting herbal gardening, local food production, and beekeeping while providing required resources and benefits. Applications must be filed via the official portal, and an application fee must be paid. Depending on the district, the scheme offers a margin money/grant of 15% to 25%.
MSSY Saur Swarojgar Yojna 2024 Overviews
| Nodal Agency | Uttarakhand Renewable Energy Development Agency (UREDA) |
| Scheme Name | Uttarakhand Mukhyamantri Saur Swarojgar Yojna (MSSY) |
| Launched Year | 2020 |
| Benefits | Low-rated Loans + Govt Subsidy + Passive Income |
| Beneficiary | Residents of Uttarakhand state |
| Category | Govt Schemes |
| Official Website | msy.uk.gov.in |
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Solar Self Employment Scheme Eligibility & Benefits
Advantages
Those who qualify would be eligible for a variety of benefits through the Uttarakhand Chief Minister’s Solar Self-Employment Programme. A major component of this project is the supply of loans through banks at an affordable interest rate of 8%, according to the applicant’s creditworthiness.
Eligibility Norms
Specific conditions must be met before being considered for this initiative. The candidate must be a resident of Uttarakhand and at least 18 years old. This opportunity is offered to a wide range of people, including the state’s youngsters, women, those without jobs, residents of rural areas, and farmers, demonstrating the program’s inclusive attitude.
Calculation of Income, Expenditure and Fees
Individuals can install solar power systems with a capacity of 20 to 200 kilowatts. The electricity generated by these systems would be purchased by the Uttarakhand Power Corporation for 25 years at a constant rate of Rs 4.64 per unit of electricity. Individuals can earn around Rs 70340 per year using a 25 kW system, based on estimated expenses.
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Facilitate Financing Option
The government will provide a financing option for 70% of the total cost of the installation through a national or cooperative banking institution. Homeowners are asked to contribute the remaining cost. The banks want to extend loans to individuals for 15 years at an interest rate of 8%. When applying, an initial charge of Rs 2000 is required for the 50 and 100 kilowatt options, and Rs 5000 for the 200 kilowatt option.
Contract Performance Guarantee
The Uttarakhand Mukhyamantri Saur Swarojgar Yojna (MSSY) at the district level allows for a margin money/grant of 15% to 25%. In addition, participants must provide a Contract Performance Guarantee (CPG) within a month of the project being assigned: Rs 25000 for 50 kW, Rs 50000 for 100 kW, and Rs 1 lakh for 200 kW, which must be presented to the UREDA office and is good for two years.
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Documents Need for Saur Swarojgar Yojna
To participate in the Uttarakhand Mukhyamantri Saur Swarojgar Scheme, the following documents are required:
- Aadhar Card
- Residential Proof or Domicile
- Documents about land ownership
- Details of your Bank Account
- Information related to the proposed project
- Recent Passport-sized Photograph
- Notarized Declaration
- Receipt of the specified fee through draft/NEFT
- Khasra Khatauni/Lease Agreement correspondence (if applicable)
How to Apply for Uttarakhand Solar Swarojgar Scheme?
Individuals who qualify can apply for the Uttarakhand Chief Minister Solar Self-Employment Scheme through the official web portal. To begin the application procedure, go to the main website and then select the Uttarakhand Chief Minister Solar Self-Employment Scheme. Before applying, you must first complete the platform’s registration process, which can be done by following the links provided for online applications.
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Conclusion
The Uttarakhand government has established the Chief Minister Solar Self-Employment Scheme for small and marginal farmers and young entrepreneurs in the state, which will provide 20 to 200 kilowatt self-employment chances. The Chief Minister Solar Self-Employment Scheme allows you to establish a solar plant on your land for 25 years and sell the power produced at ₹ 4.64 per unit. This can generate a monthly income.
MSSY Saur Swarojgar Yojna FAQ’S
What is Mukhyamantri Solar Swarojgar Yojana?
Mukhyamantri Solar Swarojgar Yojana is an initiative launched by the Government of Uttarakhand, which aims to provide employment opportunities to unemployed youth, farmers and migrant persons through solar energy. Under this scheme, beneficiaries can install a solar power plant of up to 25 kW on their private or leased land and earn income by selling the generated electricity.
What is the eligibility for this scheme?
The applicant for this scheme must be a permanent resident of Uttarakhand. Also, the applicant must be above 18 years of age. There is no educational qualification requirement in this scheme, but only one solar power plant will be allotted to a person.
How is the application process?
To apply online under Mukhyamantri Solar Swarojgar Yojana, applicants have to visit the official website and register. After registration, login and fill the application form and upload the required documents. After this, on submitting the application, a receipt will be received, which can be kept for future tracking.
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