New Delhi: The government is working on a new renewable energy policy to facilitate speedy growth of the sector, the Rajya Sabha was informed today.

Minister of State for Renewable Energy Piyush Goyal in a written response to a question in Rajya Sabha said the new policy is under consultation with the stakeholders.

“The Ministry is preparing a Renewable Energy Bill to facilitate speedy growth of renewable energy power generation in the country. The details are being worked out in consultation with concerned stakeholders. Efforts will be made to bring the policy in place as early as possible,” he said.

To give a boost to the sector, Goyal said the RBI has issued instructions to all scheduled commercial banks that the loans sanctioned by them to individuals for setting up off-grid solar and renewable energy solutions for household purpose will be covered under Priority Sector Lending.

(To view our epaper please click here. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal