Launched in 2024, PMSGMBY, under Ministry of New and Renewable Energy (MNRE), is the world’s largest domestic rooftop solar initiative.
- Under PMSGMBY, Government has disbursed Rs. 4,770 crore in subsidies to 6.13 lakh beneficiaries.
- Chandigarh and Daman & Diu have achieved 100% of their rooftop solar targets for government buildings.
- Gujarat is top performing state in solar rooftop installations followed by Kerala and Uttar Pradesh.
About PMSGMBY
- Objective: Installing Rooftop Solar (RTS) & providing free electricity for up to 300 monthly units for 1 Crore households.
- Duration: Till FY 2026-27.
- Eligibility: Only Residential Consumers or Residential Welfare Societies (RWAs).
- Residential Households get a subsidy of Rs. 30,000 per kW up to 2 kW, Rs. 18,000 per kW for additional capacity up to 3 kW, and Rs. 78,000 total subsidy for >3 kW.
- RWAs get a subsidy of Rs. 18,000 per kW for common facilities.
- Financing: Collateral-free loans up to ₹2 lakh at a 6.75% subsidised interest rate through 12 Public Sector Banks.
- Creation of Model Solar Village: One Model Solar Village per district selected to demonstrate solar energy adoption.
- To qualify, a village must be a revenue village with 5,000+ population (2,000+ in special category states).
Impact of PMSGMBY
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