Union Budget 2025 Increases Allocation for PM Surya Ghar Muft Bijli Yojana by 80% to ₹20,000 Crore
Launched in 2024, the PM Surya Ghar Muft Bijli Yojana is the world’s largest domestic rooftop solar initiative, significantly transforming India’s energy landscape.
About PM Surya Ghar Muft Bijli Yojana
- Ministry: Ministry of New and Renewable Energy
- Outlay: The scheme has an allocation of ₹75,021 crore, with implementation scheduled through FY 2026-27.
- Objective: The program aims to install rooftop solar (RTS) systems and provide free electricity for up to 300 monthly units to 1 crore households.
- Components: Includes initiatives like Model Solar Villages and innovative projects. The Model Solar Village component focuses on establishing one model village in each district across India.
- Subsidy: The scheme offers a subsidy of up to 40% for households, based on their average monthly electricity consumption and the required rooftop solar capacity (see table).
- Collateral-Free Loans: Households can access collateral-free, low-interest loans at around 7% to install RTS systems of up to 3 kW capacity.
Key Benefits
- Government Savings: The scheme is expected to save ₹75,000 crore annually in electricity costs.
- Additional Benefits: It will help reduce household energy costs, boost renewable energy adoption, and lower the carbon footprint.
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