PM Surya Ghar: Muft Bijli Yojana – Targeting 1 Crore Solar Installations by 2027

The PM Surya Ghar: Muft Bijli Yojana, launched by Prime Minister Narendra Modi on February 15, 2024, is the world’s largest domestic rooftop solar initiative. This visionary program aims to provide solar power to 1 crore households by March 2027, making renewable energy accessible and affordable for millions.

Key Highlights of the Scheme

• Subsidised Solar Power: Households receive a subsidy of up to 40% for rooftop solar panel installations.
• Rapid Progress: Over 6.3 lakh installations were completed within nine months of launch.
• Government Savings: Estimated annual savings of ₹75,000 crores in electricity costs.
• Target Timeline:
  • 10 lakh installations by March 2025.
  • 20 lakh installations by October 2025.
  • Scaling up to 1 crore installations by March 2027.

Eligibility

Benefits for Households

1. Free Electricity: Reduced or eliminated electricity bills through rooftop solar.
2. Extra Income: Households can sell surplus power to DISCOMs, generating revenue.
3. Sustainability: A shift to renewable energy reduces carbon footprints.
4. Job Creation: Around 17 lakh jobs are expected across sectors.

Subsidy and Financing Details

• Collateral-Free Loans: Low-interest loans at 7% interest for systems up to 3 kW.
• Online Application: The National Portal simplifies vendor selection, system sizing, and subsidy applications.

Model Solar Village Initiative

The program introduces the “Model Solar Village” initiative, allocating ₹1 crore per district to establish solar villages. Key objectives include:

• Empowering communities to achieve energy self-reliance.
• Promoting competition among villages for higher renewable capacity.

Environmental Impact

• Energy Generation: Estimated 1000 BUs of electricity over 25 years.
• Emission Reduction: Prevents 720 million tonnes of CO2 emissions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.