The New and Renewable Energy sector has gained widespread attention MSME Udyog Aadhaar Registration in India recent years. The renewable energy sources are crucial not only for achieving energy security but also for environmental durability. The globalization has lead with a rapid increase a demand for power . and there a good increased thrust on alteration of the present energy mix. In India, the government has implemented various initiatives for the promotion and reduce the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The aim is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development of this Ultra Mega Power Projects (UMPP). Present-day share of the potential renewable energy within energy mix stands close to 15%. The estimated renewable energy potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, actual huge scope present in this sector. The government has implemented various projects in the renewable energy sector with an concentrate on research and development, technical and financial support, public awareness and public-private sector synergy. The Secretary of state for New and Renewable power (MNRE) focuses in regards to the deployment of the projects and incentives through participation from the states and various administrative levels. Regulations have been specified at the state level for promoting renewable energy projects in the respective states. There are, however, constraints associated with the realization with the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may lead to delays as per the anticipated results. The other important factor in order to use attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Every person also crucial to ensure that the benefits are extendable into the community, in regards to job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is actually concerned with the innovative business aimed to address concern of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist in the environmental sector and deploy measures for that sustainable development of your society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
The renewable energy sector offers wide opportunity in terms of growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this sector. There is also a not enough cost effective strategy for the same a Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated from your lack of domain expertise and limited awareness and motivation among the the public. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support it seems to be limited in the reach. This will allow limited indulgence with the businesses in the sector.
The acceptance and credibility of corporation is a critical factor for people today . of a green entrepreneurship venture. Irrespective of how plethora of opportunities in the various domains of the renewable energy niche. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to retain the entrepreneurship in the country, particularly your renewable sector. Numerous are provided with regards to of incubation centres and mentorship. Lucrative also firms and investors available the actual planet market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but furthermore, it encompasses the storage and distribution with the energy. Thus, an extremely wide variety of options available when it comes of market and finances.