PM Surya Ghar Muft Bijli Yojana: Benefits, documents required, loan facility and more

The PM Surya Ghar Muft Bijli Yojana, with an outlay of a whopping ₹75,021 crore, was approved by the Union Cabinet last month.

The scheme provides up to ₹78,000 to set up rooftop solar plants and offers free electricity for up to 300 units to one crore households.

For setting up a 2 kilowatt (kW) rooftop solar system, the government will provide a central financial assistance (CFA) of 60% and 40% of additional system cost for systems between 2 kW and 3kW. It means that the households will get a subsidy of ₹30,000 for 1 kW systems, ₹60,000 for 2 kW systems and ₹78,000 for 3 kW systems.

Also read: How to apply for PM-Surya Ghar Muft Bijli Yojana and get subsidy

What documents are required for PM Surya Ghar Muft Bijli Yojana?

• Proof of identity
• Proof of address
• Electricity bill
• Roof ownership certificate
• Proof of income

What are the benefits of PM Surya Ghar Muft Bijli Yojana?

• Subsidy on rooftop solar plants for households
• Free electricity of up to 300 units for households
• Increased use of renewable energy
• Less carbon emissions

Can a consumer avail loan facility to finance the solar unit?

Households can avail collateral-free low-interest loan products of around 7% for installation of residential RTS systems up to 3 kW.

"The interest rate has been pegged at 0.5% above the prevailing repo rate decided by the Reserve Bank of India (RBI) from time to time. In the event of the repo rate, which is 6.5% at present, getting reduced to say 5.5%, the effective interest rate for consumers will become 6% instead of the current 7%," the government said.

Who is eligible to apply for the scheme?

• Indian citizens
• The applicant must own a house with roof suitable for installing solar panels
• Valid electricity connection
• Applicants should not have availed of any other subsidy for solar panels.

Interested applicants can register at https://pmsuryaghar.gov.in to take advantage of the scheme's benefits. The portal will assist them by providing relevant information such as appropriate system sizes, vendor ratings, benefits calculators, etc.