PM Surya Ghar: Muft Bijli Yojana

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PM Surya Ghar: Muft Bijli Yojana

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The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved PM-Surya Ghar: Muft Bijli Yojana with a total outlay of Rs.75,021 crore for installing rooftop solar and providing free electricity up to 300 units every month for One Crore households. The Prime Minister had launched the scheme on 13th February, 2024.

The major highlights of the scheme include:

  • Central Financial Assistance (CFA) for Residential Rooftop Solar
  • The scheme provides a CFA of 60% of system cost for 2 kW systems and 40% of additional system cost for systems between 2 to 3 kW capacity. The CFA will be capped at 3 kW. At current benchmark prices, this will mean Rs 30,000 subsidy for 1 kW system, Rs 60,000 for 2 kW systems and Rs 78,000 for 3 kW systems or higher.
  • The households will apply for subsidy through the National Portal and will be able to select a suitable vendor for installing rooftop solar. The National Portal will assist the households in their decision-making process by providing relevant information such as appropriate system sizes, benefits calculator, vendor rating etc.
  • Households will be able to access collateral-free low-interest loan products of around 7% at present for installation of residential RTS systems up to 3 kW.
  • PM-Surya Ghar: Muft Bijli Yojana, which has been approved by the Cabinet, is going to be a game changer for bringing sustainable energy solutions to every home. Harnessing solar power, this initiative promises to light up lives without burdening pockets, ensuring a brighter, greener future for all.