Mukhya Mantri Saur Swarojgar Yojana (MSSY) in Uttarakhand

Mukhyamantri Saur Swarojgar Yojana (MSSY)

The Uttarakhand government introduced the Mukhyamantri Saur Swarojgaar Yojana to assist small and marginal farmers and young entrepreneurs affected by the COVID-19 pandemic in establishing a reliable monthly income.

Mukhyamantri Saur Swarojgar Yojana (MSSY) enables the utilization of barren or mountainous land where farming is challenging to generate a consistent and passive income of up to Rs 1.5 lakh per month*. Additionally, the state government offers assistance in financing the solar installation through loans and subsidies.

Financing the Solar Plant

At a rate of ₹50,000 per kilowatt, a solar plant ranging from 20 to 200 kilowatts can cost anywhere between ₹10 lakhs to 1 crore”.
Up to 75%* of this cost will be available to you through a loan, from govt banks which will be provided at an upto 9%* p.a interest rate for a maximum 15-year tenure. Moreover, the Uttarakhand government will provide up to 50% subsidy on the plant cost under the Chief Minister Self-Employment Scheme managed by the MSME Department. Not only this, but the state government will also cover a percentage of your loan interest.
Both the capital subsidy and interest subsidy will vary according to location of your solar plant.

The state subsidy rates for different districts are as follows:

Location

Category A

Uttarkashi
Rudraprayag
Chamoli
Champawat
Bageshwar

Capital Subsidy : 50% of Capital Investment maximum up to 50 lakh PAYABLE 50% in 2 yrs

Interest Subsidy : 4% of bank interest (maximum up to 5 lakh/yr) for 3 yrs.

Location

Category B

Almora
Pauri
Tehri (Mountain region)
Dehradun-(Chakrata)
Nainital-(Bhimtal, Dhari, Betalghat, Ramnagar, Okhalkanda)

Capital Subsidy : 40% of Capital Investment maximum up to 40 lakh PAYABLE 50% up to 2 yrs

Interest Subsidy : 4% of bank interest (maximum up to 4 lakh/yr) for 3 yrs

Location

Category C

Tehri -(Plain Area-Dhalwala, Tapovan, Muni Ki Reti, Fakot)
Dehradun (Raipur, Sahaspur, Vikasnagar, kalsi, Doiwala (800m sea level)
Nainital (Kotabagh 800 m sea level)

Capital Subsidy : 30% of Capital Investment maximum up to 30 lakh PAYABLE 50% up to 2 yrs

Interest Subsidy : 4% of bank interest (maximum up to 3 lakh /Yr) for 3 yrs.

Location

Category D

Haridwar- Udham Singh Nagar
Nainital- Ramnagar, Haldwani, Nagarpalika, Lalkuan, Kotabagh (800 m sea level)
Dehradun-Raipur, Sahaspur, Vikasnagar, kalsi, Doiwala (800m sea level)

Capital Subsidy : 20% of Capital Investment maximum up to 20 lakh PAYABLE 50% up to 2 yrs

Interest Subsidy : 4% of bank interest (maximum up to 2 lakh /Yr) for 3 yrs.

To start the installation process, you will have to deposit the margin money (the remaining cost after the loan). Once the subsidy is approved, it will either be deducted from your loan amount or deposited in your bank (based on your pavment plan).

Things to Note

The Uttarakhand government aims to achieve a 250 MW capacity through MSSY, so the scheme will only be open for a limited time.
Projects will be assigned on a "first-come, first-served" basis.
This scheme is only for Uttarakhand residents who are 18 years or older.
Only 1 member per family can set up the solar plant under MSSY.
For a 20-200kW solar plant, you will need between 240-3000 square metres of land space.