On February 29, 2024, the Government of India approved the Pradhan Mantri Surya Ghar: Free Electricity Scheme, which will increase the share of solar rooftop capacity and allow residential households to generate their own electricity. The scheme, which has an outlay of ₹75,021 crore, will be implemented.
The Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, is rapidly changing India’s solar energy landscape.
Launched in February 2024, the scheme has already achieved impressive milestones, with 6.3 lakh installations in just 9 months—an average of 70,000 per month, a significant increase from 7,000 per month prior to its launch. By March 2025, installations are expected to exceed 10 lakh, with the scheme aiming for one crore installations by March 2027.
The scheme is on track to reach 10 lakh installations by March 2025, with a rapid expansion to 40 lakh by March 2026. Gujarat, Maharashtra, Kerala, and Uttar Pradesh are leading in installations, owing to strong infrastructure and collaborations.
Auto-load enhancements and the waiver of Technical Feasibility Reports (TFR) for systems up to 10kW have accelerated progress. Over 9,000 vendors have been activated, and the Jan Samarth Portal offers affordable financing options.
The integration of 90 DISCOMs and banks, combined with training for 40,000 personnel (with another 2 lakh to be trained), has strengthened IT systems and increased operations. The PMSuryaghar Portal reduces solar installation applications to 5 minutes and provides GIS-based capacity planning and loan facilities.
Over ₹3,100 crore has been distributed to 4 lakh consumers, averaging 67,000 households monthly, with a 15-day turnaround time.
The PMSGMBY is setting a global benchmark in sustainable energy deployment, achieving ambitious targets through streamlined processes, robust infrastructure, and a growing consumer base. It underscores India’s leadership in renewable energy integration while delivering substantial socio-economic and environmental benefits.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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