The interim budget presented by Finance Minister Nirmala Sitharaman on February 1 sets a progressive tone for India's pursuit of climate action and sustainable development in 2024-25.
Empowering Indian households with green energy
Providing 300 units of free electricity per month to 1 crore families for rooftop solarisation is a historic step toward reducing emission intensity and reaching net-zero emissions. Integration with the Carbon Credits Trading System (CCTS) provides financial leverage while also promoting sustainable energy use.
Research and Development
Allocating Rs 1 lakh crore for interest-free funding in new domains promotes innovation and contributes to long-term economic prosperity.
The Green Mobility Revolution
It focuses on expanding electric vehicle policy and infrastructure, particularly for e-buses in public transportation networks, to reduce emissions and improve air quality.
Diversifying Energy Sources for Security and Sustainability
By including coal gasification, liquefaction, biomass, and compressed biogas, reduces reliance on imports and promotes energy and carbon security.
Unlocking the Wind Potential
Viability gap funding for 1GW offshore wind energy establishes India as a renewable energy leader, increasing clean energy potential.
A Holistic Approach to Natural Resources
The introduction of biomanufacturing and bio-foundries provides environmentally beneficial alternatives and paves the way for a circular economy, shifting industries toward responsible production.
Green Entrepreneurship and Employment Opportunities
The budget promotes green entrepreneurship and job prospects, so building a sustainable future and green economic growth.
EKI Energy Services completely supports India's transition to sustainability and resilience. Our projects are consistent with the government's vision, and we are dedicated to contributing to India's transformational journey toward a greener, cleaner, and more resilient future. The 2024-25 Interim Budget demonstrates India's commitment to environmental stewardship and sustainable development, setting the groundwork for a better future.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
