PM-Surya Ghar Muft Bijli Yojana
About
- PM-Surya Ghar Muft Bijli Yojana (PM-SGMBY) is the world’s largest domestic rooftop solar initiative which aims to provide free electricity upto 300 units per month to eligible households in India by promoting rooftop solar plant installations.
- Launched in 2024, this scheme aims to install rooftop solar in one crore households nationwide.
- Nodal Ministry: Ministry of New and Renewable Energy.
Key Provisions
- Under the scheme, the households who opt to install rooftop solar electricity units will get 300 units of electricity for free every month.
- The scheme focuses on the household segment with up to 3 kW systems, which covers most of the residential consumers in India.
- The initiative offers a subsidy of 60% of the solar unit cost for systems up to 2 kW capacity and 40% for systems between 2 and 3 kW capacity, with benefits capped at 3 kW.
- Households will also be able to access collateral-free low-interest loan products of around 7% for installation of residential Rooftop Solar systems up to 3 kW.
- Through this scheme, the households will be able to save electricity bills as well as earn additional income through sale of surplus power to DISCOMs.
- A Model Solar Village will be developed in each district of the country to act as a role model for adoption of rooftop solar in rural areas.
Eligibility criteria for availing subsidy
- The applicant must be a citizen of India.
- Must own a house with a roof that is suitable for installing solar panels.
- There should be a valid electricity connection to the property.
- Subsidy is provided only once per household.
Why in News?
- 40 lakh households have been covered with rooftop solar under PM Surya Ghar scheme.