PM Surya Ghar Muft Bijli Yojana Installation Subsidies Loans | Loan Subsidy for PM Free Rooftop Solar Scheme

PM Surya Ghar Muft Bijli Yojana Apply Online Registration Process. The Central Government plans to offer substantial subsidies directly to individuals' bank accounts and concessional bank loans, ensuring accessibility for those with limited financial means.

The PM Surya Ghar Muft Bijli Yojana is anticipated to save poor and middle-class households an annual sum ranging from Rs. 15,000 to Rs. 18,000 crores through the provision of free solar electricity. This initiative aims to extend the advantages of solar power to households throughout India, contributing to an estimated annual government electricity cost saving of Rs. 75,000 crore. Click here to know about PM Surya Ghar Muft Bijli Yojana Benefits. Before registering applicants must check if they are eligible for the scheme. Click here to know about PM Surya Ghar Muft Bijli Yojana Eligibility Criteria Requirements.

PM Surya Ghar Muft Bijli Free Rooftop Solar Electricity Yojana Details
Scheme Name PM Surya Ghar: Muft Bijli Yojana
Launched By Prime Minister Narendra Modi
Launched In India, February 1, 2024 (Budget 2024-25)
Investment 75,000 Crore Rupees
Primary Objective 300 free electricity units monthly supply, promoting rooftop solar energy, reducing dependence on traditional energy sources
Target Beneficiaries 1 crore low income households
Benefits Free electricity (up to 300 units/month), direct subsidies, concessional loans, net metering system for excess electricity generation
Official Website https://pmsuryaghar.gov.in/

PM Surya Ghar Muft Bijli Free Rooftop Solar Electricity Yojana installation bank loan subsidy structure breakdown

Subsidy rates according to system capacity for residential households:
  • For capacities up to 2 kW: Rs. 30,000 per kW
  • For additional capacity up to 3 kW: Rs. 18,000 per kW
  • Total subsidy for systems larger than 3 kW: Capped at Rs. 78,000
The following table suggests system sizes based on monthly electricity consumption, along with associated subsidies.
Average Monthly Consumption (units) Suitable Capacity (kW) Subsidy Range (Rs.)
0-150 1-2 kW Rs 30,000-60,000
150-300 2-3 kW Rs 60,000-78,000
>300 Above 3 kW Rs 78,000

If your monthly usage is between 0-150 units, a 1-2 kW system is recommended with a subsidy range of Rs 30,000-60,000. For consumption between 150-300 units, a 2-3 kW system is suitable, with a subsidy range of Rs 60,000-78,000. If your usage exceeds 300 units, a system above 3 kW is advised, with a subsidy of Rs 78,000.

PM Surya Ghar Muft Bijli Free Rooftop Solar Electricity Yojana installation process

  • Rooftop solar PV systems are suitable for installation on roofs with sufficient load-bearing capacity.
  • Rooftop solar panels or Photovoltaic panels, are placed on house or building roofs and connected to the central power supply unit.
  • Using a net meter allows surplus energy or electricity generated to be sold to electricity distribution companies at a reasonable amount, significantly lowering overall electricity bills by balancing consumption and contribution.
  • To apply for the subsidy, a commissioning certificate is issued through the portal after DISCOM verification, confirming your application under the scheme.
  • However, to receive the subsidy you need to upload a required document after the net meter is installed.
  • After the certificate is issued, submitting bank account details and a canceled check on the portal is necessary for subsidy transfer, which is subsequently transferred to your bank account.

PM Surya Ghar Muft Bijli Free Rooftop Solar Electricity Yojana subsidy application distribution

  • Eligibility Requirements: The Muft Bijli Yojana subsidy primarily focuses on households with low incomes, considering specific criteria like income thresholds or socio-economic indicators. Applicants are required to validate their eligibility through income proof or other relevant documents.
  • Applying for Subsidy: Qualified households can submit their subsidy applications through designated channels, which may include government offices, online platforms, or community centers. Click here to know more about PM Surya Ghar Muft Bijli Yojana Apply Online Registration Process.
  • Subsidy Distribution Processes: Once the applications are approved subsidies are directly disbursed to the beneficiaries via direct transfers to bank accounts or vouchers that are redeemable for electricity credits.

PM Surya Ghar Muft Bijli Free Rooftop Solar Electricity Yojana subsidy bank loans

The loans cover expenses like meter installation and appliance purchase, with flexible repayment terms and subsidized interest rates to benefit low-income households. Various banks and financial institutions collaborate with the government, ensuring broad accessibility across regions. Some of the banks providing muft bijli yojana loan are mentioned below: Note: You might have to pay for any extra units consumed beyond the subsidized quota, as the scheme offers a subsidy not completely free electricity.

Click here for PM Surya Ghar Muft Bijli Yojana Apply Online Registration Process.
Click here for PM Surya Ghar Muft Bijli Yojana Benefits.
Click here for PM Surya Ghar Muft Bijli Yojana Eligibility Criteria Requirements.
Click here for PM Surya Ghar Muft Bijli Yojana Check Status Online.

Frequently asked questions regarding PM Surya Ghar Muft Bijli Free Rooftop Solar Electricity Yojana subsidy bank loans

Who is eligible to apply for the muft bijli yojana installation subsidies?

  • Indian citizens over the age of 18 whose family members are not government employees or taxpayers and have not received any previous subsidies for solar panel installation are eligible to apply for installation subsidies. Click here to know more about pm surya ghar muft bijli yojana eligibility criteria.
How can one apply for the solar panel installation subsidies?
  • Eligible individuals can apply by submitting their application either online via the official website (https://pmsuryaghar.gov.in/) or offline through their local DISCOM. Click here to apply pm surya ghar muft bijli yojana online registration process.
What is the amount of subsidy provided for solar panel installation?
  • The government offers a subsidy of up to 40% of the system cost, and the remaining amount can be funded through loans or personal funds.
How long does it take to install the solar panels after submitting the application?
  • It typically takes two to three months depending on location and DISCOM. Click here to know more about pm muft bijli yojana status check.