PM Surya Ghar Muft Bijli Yojana launched in 2024, is the world’s largest domestic rooftop solar initiative, transforming India’s energy landscape.
About PM Surya Ghar Muft Bijli Yojana
- Ministry: Ministry of New and Renewable Energy.
- Outlay: The scheme has an outlay of Rs 75,021 crore and is to be implemented till FY 2026-27.
- Objective: Installing rooftop solar (RTS) & providing free electricity for up to 300 monthly units for 1 Crore households.
- Components: Model Solar Village, Innovative Projects etc.
- Model Solar Village focuses on establishing one Model Solar Village per district throughout India.
- Subsidy: The scheme offers a subsidy of up to 40% to households.
- Subsidy is provided based on the household's average monthly electricity consumption and the corresponding suitable rooftop solar plant capacity (Refer Table).
- Collateral Free Loans: Households will have access to collateral-free, low-interest loans at around 7% interest for installing RTS systems up to 3 kW.
Key Benefits
- Government Savings: Expected to save ₹75,000 crore annually in electricity costs.
- Other: Cutting energy cost of households, Renewable Energy Boost reducing its carbon footprint etc.