Entrepreneurs are eligible for 25 per cent subsidy (subject to a maximum of Rs. 25 lakh) for setting up units for manufacture of solar power equipment or solar power generation under the New Entrepreneur-cum-Enterprise Development Scheme (NEEDS) of the government, according to N. Jayapalan, General Manager of the District Industries Centre (DIC), Vellore.
He was inaugurating a seminar on ‘Future energy path for small and medium enterprises, solar energy & efficient use of energy’ organised by the Vellore District Micro & Small Entrepreneurs Association (VDMSEA) and TANSTIA-FNF Service Centre (TFSC) here on Tuesday.
Mr. Jayapalan said that out of nearly 800 to 900 applications received by DIC for assistance under NEEDS, it would be recommending 400 applications for assistance. Considering the fact that people were hesitant to instal solar panels in view of the prohibitive cost involved in it, the Central government too provides a subsidy of 30 per cent subsidy for installation of solar panels on rooftops of homes through the Ministry of Non-Conventional and Renewable Energy Resources.
P. Lakshminarayanan, Chief Executive Officer of TFSC, Chennai, said that there was scope for establishing units manufacturing solar energy equipment through the public-private partnership mode.
S. Kannan, Managing Director, Amset Energy Systems, Tiruchi, said the cost of generation of solar power which at present was Rs. 8 to Rs. 15 per kilowatt hour as against that of thermal energy (Rs.1.20 to Rs.2.50 per kw/hr), hydel energy (Rs.0.50 to Rs.1.00) and wind energy (Rs.2.80 to Rs.3.80), would drastically come down by 2015.
R. Vijayalakshmi, Additional Director, TFSC, said that TFSC helps innovators who are in need of money to innovate new products under its Innovation Voucher Programme. It would bear the expenses (up to Rs.8 lakh) on developing the prototype of innovative products, she said.