Question
The Union Cabinet has approved viability gap funding for
battery storage system.Which of the following statements is/are true with respect to this? I.The Union Cabinet has approved a scheme for providing viability gap funding (VGF) for developing battery storage of 4 gigawatts (Gw) by 2028-29. II.The VGF for the battery energy storage system (BESS) will have an initial outlay of Rs 9,400 crore . III.The budgetary grant for the VGF is Rs.2500 crore. IV.The VGF would be disbursed in five tranches and be linked with the various stages of implementation of BESS projects.Solution
The Union Cabinet has approved a scheme for providing viability gap funding (VGF) for developing battery storage of 4 gigawatts (Gw) by 2030-31.The VGF for the battery energy storage system (BESS) will have an initial outlay of Rs 9,400 crore and this will include a budgetary grant of Rs 3,700 crore. The VGF would be disbursed in five tranches and be linked with the various stages of implementation of BESS projects. The scheme is aimed at supporting the energy storage needs of the renewable energy sector, especially solar and wind.
A certain sum of money invested at R% p.a. fetches a compound interest (compounded annually) of 1525.5 and simple interest of Rs.1500 at the end of 2 ye...
Naina lent Rs. 9,800 to Mohini for 4 years and Rs. 8,800 to Mitali for 6 years on simple interest at the same rate of interest and received Rs. 11,040 i...
A person invested a sum of Rs. 9000 at r% per annum at simple interest and a sum of Rs. 13500 at (r-4)% at simple interest. If total interest earned on ...
A sum of money doubles itself in 5 years in how many years it will be 3 times?
What will be the ratio of simple interest earned by certain amount at the same rate of interest for 4 years and 6 years ?
Find the total amount returned by Manish to the bank at the end of three years, when Rs.24000 is borrowed at the rate of (25/2)% compounded annually?(ca...
Simica invested a certain amount of money at a simple interest rate of 12.5% per annum and earned Rs. 2,400 as interest over 3 years. If Tabu invested t...
A sum of money lent at 5% rate of simple interest. The difference between interest for 6 years and 4 years is Rs. 2000. Find the principal amount.
An initial principal sum of Rs. 8000, invested by Pranav, accrued interest at a compound rate of 20% annually for a period of 2 years. Subsequently, the...
If Rs. 15000 is invested at 14% per annum, compounded yearly, calculate the interest earned in one year.
Relevant for Exams:
