Introducing of PM Surya Ghar Yojana
First of all PM Modi announced this scheme as PM Suryoday Yojana on 22nd January. But later on PM Announced the scheme name as PM Surya Ghar Muft Bijli Yojana (पीएम सूर्य घर मुफ़्त बिजली योजना) through their Official “X” Account on 13th February.
- Main Aim to launching this scheme is to increase the utilization of Saur Energy.
- By fulfilling the goal, it will automatically provides wellbeing for the poor people of the country.
What is PM Surya Ghar Muft Bijli Yojana?
At the launching event, PM Modi said that this PM Surya Ghar Muft Bijli Yojana (PMSGMBY) will provides sustainable solar energy to 1 Crore households of the state. At the same time they clarifies that this scheme for only poor and MIGs households.
- Getting approval from Cabinet meeting on 29th February.
- During meeting, central government allocate fund of Rs 75021 Crore to the scheme.
Intention to launch 300 Units Free Electricity Scheme
Central Government has main goal through launching of PM Surya Ghar Yojana is to provide free electricity to the low and medium income group family of the country. That’s why they can’t dependent on traditional source of electricity. one of the other objective is to provide the encouragement of utilization of solar energy which is nearly to free and eco friendly too.
| Key Aspects | Output |
|---|---|
| Scheme Name | PM – Surya Ghar: Muft Bijli Yojana |
| Short Name | PMSGMBY |
| Launched On | 13th February, 2024 |
| Initiative By | Central Government of India |
| Budget | Rs. 75021 Crore |
| Beneficiaries | Low and Medium Income Group Households |
| No. of Beneficiaries | 1 Crore Household |
| Main Benefits | 300 Units Free Bijli per Month |
| Solar Subsidy | Maximum 70% |
| Mode of Application | Online or Offline |
| How to Apply Online | Through pmsuryaghar.gov.in |
| How to Apply Offline | Through Post Office |
Financial Help under the Scheme
Quick Information
Central govt will provide two types of financial help to the beneficiaries of PM Surya Ghar Yojana. One is through subsidy and another one is through bank loan. Both helps will be discussed below.
Subsidy Amount under PM Surya Ghar Yojana
You are eligible to install 1 KW to 10 KW Rooftop solar under the scheme. But subsidy amount will vary from installation capacity of RTS (Rooftop Solar) system by the beneficiaries. You can easily understand subsidy structure by reading further.
Subsidy of 1 KW Solar Panel
If you install 1 KW capacity of solar then you will get Rs 30,000 subsidy amount under the scheme.
Subsidy up to 2 KW Solar Panel
If you want to install 2 Kilowatt Solar panel then you will get Rs 60,000 subsidy amount under the yojana.
Subsidy up to 3 KW Solar Panel
If you install 3 KW capacity solar panel through PM Surya Ghar then you will get 78,000 rupees as a subsidy amount.
Subsidy for 3 to 10 KW Solar Panel
If you are installing 3 to 10 KW capacity solar panel under the scheme then maximum you will get Rs 78,000 not more than that.
Solar Panel Loan Facility – PM – Surya Ghar: Muft Bijli Yojana
When Central govt nod to the scheme on 29th February, then after union minister Anurag Thakur said that applicant also will be facilitate finance options from the various banks and other companies. He further said that they will provide solar loan under PM Surya Ghar Yojana at minimum interest rate. From the below section you will check the list of banks and other finance companies that will provide a loan facility under the scheme.
There are more than 20 banks and finance company that will provide a low interest solar loan for PM Surya Ghar Scheme.
- State Bank of India (SBI)
- Central Bank of India (CBI)
- Punjab and Sind Bank
- Canara Bank
- Union Bank of India
- Punjab National Bank
- Bank of Maharashtra
- UCO Bank
- Indian Overseas Bank
- Indian Bank
- Karnataka Bank
- Bank of Baroda
- HDFC Bank
- Bank of India (BOI)
- ICICI Bank
- Saraswat Bank
- IDBI Bank
- Electronica Finance Bank
- Mysun
- Ecofy
- CreditFair
- PayTM
- Metafin Cleantech
- Dhanlaxmi Bank (Dhanam Green Loan)