The Union Cabinet on 31 July 2026 approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) to accelerate the development of floating solar power projects in India. The scheme aims to install 5,000 MW of floating solar capacity by 2030-31.

Feature
Details
Scheme Name
Pradhan Mantri Surya Sarovar Yojana (PM-SSY)
Objective
Promote floating solar energy projects
Target
5,000 MW capacity by 2030-31
Financial Outlay
₹5,070 crore
Implementing Agency
Solar Energy Corporation of India (SECI)
Financial Assistance
Up to ₹1 crore/MW
Battery Storage Requirement
Minimum 2 hours storage
Total Storage Capacity
Around 10,000 MWh
Estimated cost:
The scheme supports India’s renewable energy objectives:
The Pradhan Mantri Surya Sarovar Yojana is a significant step towards expanding India’s solar energy capacity. By utilising water bodies, reducing land dependency, integrating energy storage, and promoting domestic manufacturing, the scheme can contribute significantly to India’s goal of achieving 500 GW of non-fossil fuel energy capacity by 2030 and advancing its clean energy transition.
Q. Consider the following statements regarding the Pradhan Mantri Surya Sarovar Yojana (PM-SSY):
Which of the statements given above is/are correct?
1 and 2 only
2 and 3 only
1 and 3 only
1, 2 and 3
“Discuss the significance of the Pradhan Mantri Surya Sarovar Yojana in achieving India’s renewable energy targets. Highlight its opportunities and implementation challenges.”  
Answer: PM-SSY is a Central Government scheme aimed at promoting floating solar power plants on reservoirs and other water bodies by providing financial assistance to eligible projects.
Answer: The scheme aims to install 5,000 MW of floating solar capacity by 2030-31, reduce dependence on land-based solar projects, and support India’s clean energy transition.
Answer: The scheme will be implemented by the Solar Energy Corporation of India (SECI).
Answer: A floating solar power plant is a solar photovoltaic (PV) system installed on floating platforms over reservoirs, lakes, dams, or other water bodies instead of on land.
Answer: The scheme provides Central Financial Assistance (CFA) of up to ₹1 crore per MW for eligible floating solar projects.
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