1. Home
  2. India
  3. Himachal CM Seeks NABARD Support for Solar Energy and Electric Bus Projects Under RIDF – EQ
Himachal CM Seeks NABARD Support for Solar Energy and Electric Bus Projects Under RIDF – EQ

Himachal CM Seeks NABARD Support for Solar Energy and Electric Bus Projects Under RIDF – EQ

0
0

In Short : Himachal Pradesh Chief Minister Rohit Thakur Sukhu has requested NABARD to fund solar energy projects and electric bus initiatives under the Rural Infrastructure Development Fund (RIDF). The funding aims to boost renewable energy adoption, enhance sustainable public transport, and strengthen rural infrastructure. This initiative aligns with the state’s vision of promoting clean energy and supporting green mobility solutions.

In Detail : Himachal Pradesh Chief Minister Rohit Thakur Sukhu has formally requested NABARD to provide financial support for solar energy projects and electric bus initiatives under the Rural Infrastructure Development Fund (RIDF). The move reflects the state government’s commitment to promoting sustainable development and accelerating the adoption of clean energy solutions across Himachal Pradesh.

The funding is intended to strengthen rural infrastructure while supporting the state’s renewable energy goals. Solar projects, in particular, are expected to provide decentralized clean power, reduce dependence on conventional energy sources, and contribute to lowering carbon emissions. NABARD’s involvement will help scale these initiatives effectively.

Electric buses are a key component of the proposal, aimed at transforming public transportation within the state. By promoting electric mobility, Himachal Pradesh hopes to reduce vehicular emissions, improve air quality, and create a more sustainable urban and semi-urban transport system.

The RIDF has traditionally supported rural infrastructure development, and including renewable energy and electric mobility projects under its ambit signals a progressive approach. These projects will not only modernize transport but also contribute to the state’s climate action commitments and green growth strategy.

State authorities believe that financial assistance from NABARD can accelerate project implementation timelines. Timely funding will allow the procurement of solar panels, battery systems, and electric buses, ensuring that projects become operational sooner and benefit communities across the region.

The Chief Minister emphasized that these initiatives are designed to create long-term environmental and economic benefits. Besides reducing carbon footprints, the projects are expected to generate employment opportunities in installation, maintenance, and operational roles, contributing to rural economic development.

NABARD’s support will also encourage private sector participation and public-private partnerships in renewable energy and electric mobility. By providing financing and technical assistance, NABARD can help attract investments, boost confidence among developers, and facilitate sustainable growth in the state’s clean energy sector.

Experts believe that integrating solar power and electric buses under RIDF could serve as a model for other Indian states. Demonstrating how rural infrastructure funds can support climate-friendly technologies may inspire replication and scale-up across the country.

Once implemented, these projects are expected to significantly enhance Himachal Pradesh’s renewable energy capacity and public transport efficiency. The collaboration between the state government and NABARD highlights a proactive approach toward sustainable development, clean mobility, and environmental stewardship, positioning Himachal Pradesh as a leader in green initiatives.

Anand Gupta Editor - EQ Int'l Media Network