Cabinet approves PM-Surya Ghar Muft Bijli Yojana for installing rooftop solar in One Crore households with a total outlay of Rs 75,021 crore.
Prime Minister Narendra Modi launched the scheme on 13th February 2024. ‘The center has approved ‘PM Surya Ghar Bijli Yojana’ under which one crore families will get 300 units of free electricity’, said Union Minister Anurag Thakur.
He further said that the rooftop solar will be installed on all central government buildings by 2025. The major highlights of the scheme include Central Financial Assistance (CFA) for Residential Rooftop Solar.
An official release said the scheme provides a CFA of 60 % of system cost for 2 kW systems and 40 % of additional system cost for systems between 2 to 3 kW capacity. “The CFA will be capped at 3 kW. At current benchmark prices, this will mean Rs 30,000 subsidy for 1 kW system, Rs 60,000 for 2 kW systems, and Rs 78,000 for 3 kW systems or higher,” it said.
The release said the households will apply for subsidy through the National Portal and will be able to select a suitable vendor for installing rooftop solar.
The National Portal will assist the households in their decision-making process by providing relevant information such as appropriate system sizes, benefits calculator, and vendor rating. Households will be able to access collateral-free low-interest loan products of around 7 % at present for installation of residential RTS systems up to 3 kW.
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