Updated March 1st 2024, 15:32 IST
PM Surya Ghar Muft Bijli Yojana: The Union Cabinet, led by Prime Minister Narendra Modi, recently approved India's latest rooftop solar scheme, ‘PM Surya Ghar: Muft Bijli Yojana’, with an allocation of Rs 75,021 crore. This initiative aims to provide free electricity to households by promoting rooftop solar installations.
Under the scheme, households will receive Central Financial Assistance (CFA) covering a significant portion of the system cost. For 2 kW systems, a CFA of 60 per cent is provided, while for systems between 2 to 3 kW capacity, 40 per cent of the additional system cost is covered. The maximum CFA is capped at 3 kW and Rs 78,000.
The scheme also provides collateral-free, low-interest loans for installing solar power equipment. By encouraging the use of renewable energy sources, the scheme aims to reduce electricity costs for households and contribute to mitigating carbon emissions.
Through the 'PM Surya Ghar: Muft Bijli Yojana', the Indian government seeks to accelerate the adoption of rooftop solar installations, paving the way for a more sustainable energy future.
Published March 1st 2024, 14:46 IST