Government Schemes and Policy · 3 August 2026
Pradhan Mantri Surya Sarovar Yojana: Cabinet Approves Rs 5,070 Crore Floating Solar Scheme
Exam-focused facts from the 3 August 2026 current affairs briefing.
Key facts
- The Union Cabinet approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) to scale up floating solar photovoltaic capacity in India.
- The scheme targets 5,000 MW of floating solar capacity over five years, with a total outlay of Rs 5,070 crore.
- The government will support projects at up to Rs 1 crore per MW under the scheme.
- Projects under the scheme must include a minimum of two-hour energy storage systems, adding up to 10,000 MWh of storage capacity.
- The scheme is expected to abate around 10 million tonnes of CO2 emissions annually and generate approximately 16,000 to 17,000 full-time equivalent employment opportunities.