Agriculture
Central Government Reviews Incentive Plan for Agrivoltaics to Double Farmer Income
The Union government is evaluating a scheme to provide special financial incentives and subsidies for agrivoltaics projects that combine farming and solar power on the same land, aiming to boost farmer earnings and promote green energy.
The Union government is currently reviewing an official action plan that would extend special financial incentives and subsidies to agrivoltaics projects, which integrate agricultural activities with solar power generation on the same plot of land.
The scheme is designed to double the income of farmers by allowing them to earn from both crop production and renewable energy, while also encouraging the adoption of green energy sources across the country.
Under the proposed plan, eligible farmers could receive capital subsidies and other financial support to offset the initial costs of installing solar panels alongside their fields, though exact details of the incentives are still being finalised.
If implemented, the initiative is expected to expand India's renewable energy capacity, reduce dependence on conventional power, and contribute to the nation’s broader climate and agricultural sustainability goals.
The scheme is designed to double the income of farmers by allowing them to earn from both crop production and renewable energy, while also encouraging the adoption of green energy sources across the country.
Under the proposed plan, eligible farmers could receive capital subsidies and other financial support to offset the initial costs of installing solar panels alongside their fields, though exact details of the incentives are still being finalised.
If implemented, the initiative is expected to expand India's renewable energy capacity, reduce dependence on conventional power, and contribute to the nation’s broader climate and agricultural sustainability goals.