PM Surya Ghar Muft Bijli Yojana

Source: TH

Context: Nearly a year after the ₹75,000-crore PM Surya Ghar scheme was launched, 8.5 lakh households have installed rooftop solar connections, said Union Minister for New and Renewable Energy.

About PM Surya Ghar Muft Bijli Yojana:

• What is the PM Surya Ghar Scheme? The PM Surya Ghar Muft Bijli Yojanais a centrally sponsored scheme aimed at providing free electricity to households by subsidizing the installation of rooftop solar panels.

• The PM Surya Ghar Muft Bijli Yojanais a centrally sponsored scheme aimed at providing free electricity to households by subsidizing the installation of rooftop solar panels.

• Ministry: Ministry of New and Renewable Energy (MNRE).

• Launch Date: The scheme was officially launched on February 15, 2024, following its announcement in January 2024.

• To provide up to 300 units of free electricity per month to one crore households. To reduce electricity costs for households and the government. To increase the share of renewable energy in India’s energy mix. To reduce carbon emissions and promote sustainable development.

• To provide up to 300 units of free electricity per month to one crore households.

• To reduce electricity costs for households and the government.

• To increase the share of renewable energy in India’s energy mix.

• To reduce carbon emissions and promote sustainable development.

• Key Features:

• Subsidy: The scheme provides a subsidy of 40% of the cost for solar panel installations. For systems up to 2 kW capacity, the subsidy is 60%, and for systems between 2 kW and 3 kW, it is 40% of the additional cost. The subsidy is capped at 3 kW capacity. Financial Outlay: The total outlay for the scheme is ₹75,021 crore, with ₹4,950 crore allocated as incentives for DISCOMs (Distribution Companies). Target: The scheme aims to cover one crore households by FY 2026-27. Savings: Households can save up to ₹18,000 annually on electricity bills. Government Savings: The scheme is expected to save the government ₹75,000 crore annually in electricity costs. DISCOM Incentives: DISCOMs are designated as State Implementation Agencies (SIAs) and receive incentives based on their performance in installing rooftop solar capacity beyond a baseline level.

• Subsidy: The scheme provides a subsidy of 40% of the cost for solar panel installations. For systems up to 2 kW capacity, the subsidy is 60%, and for systems between 2 kW and 3 kW, it is 40% of the additional cost. The subsidy is capped at 3 kW capacity.

• Financial Outlay: The total outlay for the scheme is ₹75,021 crore, with ₹4,950 crore allocated as incentives for DISCOMs (Distribution Companies).

• Target: The scheme aims to cover one crore households by FY 2026-27.

• Savings: Households can save up to ₹18,000 annually on electricity bills.

• Government Savings: The scheme is expected to save the government ₹75,000 crore annually in electricity costs.

• DISCOM Incentives: DISCOMs are designated as State Implementation Agencies (SIAs) and receive incentives based on their performance in installing rooftop solar capacity beyond a baseline level.

• Eligibility Criteria:

• The applicant must be an Indian citizen. The household must own a house with a roof suitable for solar panel installation. The household must have a valid electricity connection. The household must not have availed any other subsidy for solar panels.

• The applicant must be an Indian citizen.

• The household must own a house with a roof suitable for solar panel installation.

• The household must have a valid electricity connection.

• The household must not have availed any other subsidy for solar panels.

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