New Delhi, March 18 -- The Union Cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday approved the, Small Hydro Power (SHP) Development Scheme for the period FY 2026-27 to FY 2030-31, with an outlay of Rs 2584.60 crore for the installation of small hydro power projects of an approximate capacity of 1,500 MW.

According to an official press release, the scheme will support small hydro projects (between 1-25 MW capacity) to come up in different states and will especially benefit hilly and North Eastern states with high potential for such projects. In North Eastern States and in districts with an international border, central financial assistance to the tune of Rs 3.6 crore per MW or 30%of the project cost, whichever is lower...