PM Surya Ghar Muft Bijli Yojana is a scheme launched by the Government of India in its 2024-25 budget for rooftop solar plant project with an investment of over 75,000 crore rupees to provide solar power for about 1 crore households and to provide them 300 units of free electricity every month.
Prime Minister of India, Narendra Modi announced this scheme on February 13, 2024. Under PMSG Yojana, beneficiaries receive a fixed one time subsidy amount from government directly into their bank accounts. Beneficiaries are also eligible for bank loans at concessional rates. A national online portal has been created for this scheme to promote it at the grassroot level, urban local bodies and panchayats will be encouraged to promote rooftop solar systems in their areas. The scheme aims to increase income, reduce electricity bills and create employment opportunities for people.
The criteria for application under this scheme includes citizenship of India, the ownership of legal house with sufficient space at rooftops to enable installation of solar panels. Furthermore valid electricity connection and the criteria for applicants that they must not have availed any other solar panel subsidy earlier from the government.
The registration process under PM Surya Ghar Muft Bijli Yojana is simple and streamlined. The process is completed by filling the requisite forms on the official website of the scheme. After the eligibility is verified and the scheme is approved for the applicant , the solar panels are installed by the vendors registered with government and subsidy is credited in applicants bank account within 30 days.