PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, has achieved a significant milestone by completing 10.09 lakh installations across the country as of 10th March 2025. This ambitious scheme, launched by Prime Minister Shri Narendra Modi on 13th February 2024, aims to provide free electricity through rooftop solar systems to 1 crore residential households and reduce dependence on conventional power sources while enabling citizens to become energy producers. The scheme enables every household to contribute to climate change mitigation by reducing carbon emissions equivalent to planting 100 trees.
The scheme, implemented by the Ministry of New and Renewable Energy (MNRE) has received 47.3 lakh applications. 6.13 lakh beneficiaries have successfully received subsidies, amounting to ? 4,770 crore. With a fully automated application, vendor selection and subsidy redeem process through www.pmsuryaghar.gov.in subsidies get credited to applicants’ bank accounts within 15 days.
Under Prime Minister Shri Narendra Modi’s leadership, a key feature of the PM Surya Ghar: Muft Bijli Yojana is the provision of collateral-free loans through 12 Public Sector Banks (PSBs) at a subsidized interest rate of 6.75% for loans up to Rs. 2 lakhs, making rooftop solar installations more accessible to the masses. With the easy loan facility, a 3 KW rooftop solar system could be installed with an investment as low as ?15,000/- giving returns up to ?15 lakh in 25 years. Loan application process is also fully automated and online. So far, 3.10 lakh loan applications have been received, with 1.58 lakh loans sanctioned and 1.28 lakh disbursed, ensuring wider accessibility for potential beneficiaries. Beneficiaries receive subsidy of upto ?78000 for upto 3KW rooftop solar system, significantly reducing installation costs.
