PM Surya Ghar Muft Bijli Yojana
Why in news?
Government banks have approved over 5.79 lakh loan applications worth ₹10,907 crore under this scheme by September 2025, showing strong financial support for rooftop solar installations.
Key Features of PM Surya Ghar Muft Bijli Yojana
- Free monthly electricity of up to 300 units for 1 crore homes.
- Subsidy covering 60% cost for solar systems up to 2 kW, and 40% for systems between 2-3 kW.
- Subsidy credited directly into beneficiaries' bank accounts.
- Collateral-free concessional loans up to Rs 2 lakh for solar system installation.
- The scheme encourages employment opportunities through solar panel supply, installation, and maintenance.
- Households can sell surplus electricity back to their local utilities, generating extra income.
- Implementation is integrated with a national online portal to streamline applications and approvals.
