Ministry of New and Renewable Energy (MNRE) has launched Jawaharlal Nehru
National Solar Mission with an objective to promote the use of renewable sources
of energy and ensure increased penetration of solar technology in the country.
The objective of the mission is to provide capital and interest subsidy to make
the solar off-grid projects commercially viable and workable on a sustainable
basis. The mission has the objective that RESCOs and System Integrators obtain
an accreditation from a rating agency so that they submit the project directly
to MNRE. This shall help in increasing the participation of capable entities and
reduce transaction time.
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