India planned to nearly double its clean energy to 500 gigawatts by 2030. But progress is stuck. Banks are reluctant to give loans. State utilities hesitate to promote new solar schemes. This delays India's move away from coal to cleaner power. In February 2024, the government launched a subsidy program to cover up to 40% of residential solar panel costs. However, only 2.36 million homes installed solar panels so far, falling well short of the 4 million target for March. "Banks’ reluctance to lend and states’ hesitance to promote the schemes could derail India’s efforts to transition away from coal," said Shreya Jai, lead energy analyst at Climate Trends in New Delhi. Without faster uptake, India may stay dependent on coal power, hurting its green energy goals.