Consider the following statements regarding budget allocation for Renewable Energy: I. The budget allocated ₹19,100 crore for the Ministry of New and Renewable Energy. II. The allocation for the solar energy sector was ₹10,000 crore, reflecting an increase of 110% from ₹4,757 crore in the previous fiscal year (2023-24). III. The PM Surya Ghar Muft Bijli Yojana (PMSGNBY) was announced to boost RTS penetration in India, with a total budget of ₹75,000 crore until 2027. Which of the statements given above is/are correct?

Current Affairs Economy Difficulty: Hard
Choose an option
  • A
    I and II only
  • B
    I and III only
  • C
    II and III only
  • D
    All I, II and III
  • E
    I only

Answer

Correct Answer: All I, II and III

Explanation

### Concept & Budget Analysis Government exams frequently test factual data from the Union Budget, especially concerning high-priority sectors like Renewable Energy and infrastructure schemes. ### Step-by-Step Solution * **Evaluate Statement I:** The Interim Budget 2024-25 indeed saw a significant boost for the Ministry of New and Renewable Energy (MNRE), with an allocation around **₹19,100 crore** (approximate figures often used in statement questions align with this massive hike). This statement is correct. * **Evaluate Statement II:** Grid-interactive solar power received a massive push. The allocation was raised to **₹10,000 crore**, up from the revised estimates of roughly ₹4,757 crore in the previous year, which mathematically represents an increase of over 110%. This statement is correct. * **Evaluate Statement III:** The **PM Surya Ghar Muft Bijli Yojana** was launched with a massive outlay of **₹75,000 crore** to subsidize rooftop solar (RTS) installations for 1 crore households. This statement is perfectly accurate. * **Conclusion:** Since all statements align with the official budget documents, all are correct. ### Exam Strategy & Shortcut For multi-statement budget questions, look for highly publicized flagship numbers. The ₹75,000 crore for PM Surya Ghar is a landmark figure heavily advertised by the government. Knowing just this can help eliminate options. ### Common Pitfall Second-guessing exact percentage increases (like 110%) can cause students to discard Statement II. In standard exam questions, if the raw numbers (10,000 and 4,757) are accurate, the percentage provided is usually mathematically sound. ### Final Answer Therefore, the correct answer is **All I, II and III**.
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