NOB- Bharat news: Pradhan Mantri Surya Ghar Muft Bijli Yojana is providing free solar energy to lakhs of families in the country. Known as the world’s largest rooftop solar initiative, this scheme has so far provided solar energy to 10 lakh homes. The central government has set a target of increasing this number to 20 lakh by October 2025. The scheme is moving forward with the aim of supplying solar energy to one crore homes by March 2027.
What are the benefits of this scheme?
Up to 40% subsidy for homeowners to install solar panels. 12 public sector banks are providing loans without collateral up to Rs. 2 lakh at a subsidized interest rate of 6.75%. A subsidy of up to Rs. 78,000 will be available. Chance to get a loan of up to Rs. 6 lakh at an interest rate of just 6.75% per annum. No income documents are required for loans up to Rs. 2 lakh. Bank finance facility up to 90% of the total cost.
Eligibility Criteria
The applicant must be an Indian citizen. Must be the owner of a house with a roof suitable for installing solar panels. The house must have a valid electricity connection. Should not have received any other government subsidy earlier.
How to apply for Pradhan Mantri Surya Ghar Muft Bijli Yojana
- First visit the official website https://pmsuryaghar.gov.in/.
- Select the option “Apply Now” in the Consumer tab (or) click on “Consumer Login”.
- Enter your mobile number and verify it through OTP.
- Enter your name, state, other personal details and verify your email ID.
- Select “Yes” or “No” for the vendor selection if required.
- Click on ‘Apply for Solar Rooftop’ and enter other details like your state, district discom, etc.
- After getting the feasibility approval, select the vendor and submit your bank details.
- Then, after your subsidy is sanctioned, you can install the solar plant.
