Renewable energy: Funding to depend on coal cess kitty

The amount of budgetary grant to the MNRE was Rs 1,977 crore in 2014-15

The budgetary allocation to the ministry of new and renewable energy (MNRE) has increased 26 per cent to Rs 10,814 crore for 2017-18. However, the projects would have to depend on the coal cess pool, as more than half of the ministry’s budget would come from the National Environment Fund (NEF).
 
Close to Rs 5,341 crore worth of funding would be sourced from the NEF (earlier called the National Clean Energy Fund). NEF is collected by imposing cess of Rs 400 a tonne on domestically produced and imported coal, lignite and pite. The coal cess estimated to be collected