"In the Budget estimates for 2024-25, ministries have proposed fund requirements of 32,061 crore under schemes eligible for funding through SGBs. However, the actual amount to be raised through issuance of SGBs in FY25 will be decided/notified separately," stated the Union Budget's expenditure profile documents. The largest share has been submitted by the ministry of new and renewable energy (MNRE), which would finance the PM Kusum scheme, National Green Hydrogen Mission (NGHM) and several solar and wind energy schemes through the proceeds of green bonds.
The MNRE has sought ₹10,000 crore for solar projects, which is one of the core focus areas of the Centre in its energy transition drive. Officials said this would include a variety of projects and new schemes across the solar supply chain.
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