PM Surya Ghar: Muft Bijli Yojana Surpassed 10 Lakh Rooftop Solar System

The PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), which has become the world’s largest domestic rooftop solar initiative, has achieved an impressive milestone with the installation of over 10.09 lakh rooftop solar systems across India as of March 10, 2025. Launched by Prime Minister Shri Narendra Modi on February 13, 2024, this visionary program aims to provide free electricity through rooftop solar panels to 1 crore residential households.

Empowering Households with Subsidies and Incentives

The scheme is being carried out under the Ministry of New and Renewable Energy (MNRE), and it has seen an overwhelming response with 47.3 lakh applications received from across the nation. Already, 6.13 lakh beneficiaries have been successfully granted subsidies, totalling ₹4,770 crore.

A standout feature of the program is the provision of collateral-free loans, available through 12 Public Sector Banks (PSBs) at a subsidised interest rate of 6.75%. These loans, with amounts up to ₹2 lakhs, are designed to make rooftop solar installations more affordable for the masses. Thanks to this initiative, households can install a 3 KW rooftop solar system with an investment as low as ₹15,000, with potential returns up to ₹15 lakh over 25 years. The loan application process is fully automated and online. To date, 3.10 lakh loan applications have been received, with 1.58 lakh loans sanctioned and 1.28 lakh disbursed.

Additionally, beneficiaries are eligible for subsidies of up to ₹78,000 for a 3 KW rooftop solar system, further reducing the installation costs and making this clean energy solution accessible to a larger section of the population.

Driving India’s Rooftop Solar Sector

With a total outlay of ₹75,021 crore, the PM Surya Ghar scheme is set to transform India’s energy landscape. In a recent meeting, Union Minister of New and Renewable Energy Shri Pralhad Joshi engaged with top bankers at the National Workshop on Mobilising Finance for Renewable Energy in Mumbai. The government is extending the rooftop solar initiative to public infrastructure, installing solar systems on government buildings.

Conclusion

The PM Surya Ghar: Muft Bijli Yojana is a groundbreaking initiative that not only brings solar power to millions of Indian households but also fosters the development of a sustainable and self-reliant clean energy sector.

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