PM Surya Ghar Muft Bijli Yojana: Amidst the rapidly increasing demand for electricity in India, the central government has launched the PM Surya Ghar Muft Bijli Yojana to make homes self-reliant and reduce electricity bills to zero. This scheme encourages people to adopt solar energy. Under this scheme, the government is providing financial assistance to domestic consumers to install rooftop solar panels on their roofs. Under this scheme, eligible families can benefit from up to 300 units of free electricity every month.

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According to the latest data from the Ministry of Finance, as of September 2025, public sector banks across the country have approved approximately 5.79 lakh applications under this scheme, with a total loan amount of approximately ₹10,907 crore. This shows that people are very enthusiastic about getting rid of electricity bills and adopting clean energy.

What is the PM Surya Ghar Scheme?

The PM Surya Ghar Muft Bijli Yojana (PMGSY) was launched with the mission of providing affordable and clean electricity to every household in the country. Under this scheme, the government provides subsidies for installing solar panels on rooftops. The goal is to provide up to 300 units of free electricity to families every month to reduce electricity costs and empower every household, from rural to urban, to become self-sufficient. In addition to saving on electricity bills, this scheme also provides the option to earn income by selling surplus electricity.

Loan Relief and Interest Rate Terms

The government is also offering affordable financing for installing solar panels. Consumers will only pay 6 percent interest on loans up to ₹2 lakh. For loans between ₹2 lakh and ₹6 lakh, the interest rate will be the same as a home loan. Those without a home loan will pay 1 percent more than the current home loan interest rate. Importantly, loans up to ₹2 lakh do not require any guarantee or collateral, providing significant relief to ordinary families.

Government Subsidy

The government is providing attractive subsidies on solar systems. Systems up to 2 kW receive a subsidy of ₹30,000 per kW. For systems up to 3 kW, an additional subsidy of ₹18,000 per kW is available. Overall, systems with a capacity of more than 3 kW can receive a maximum subsidy of ₹78,000. Benefits such as a flexible 10-year installment period, 6 months of EMI relief, and no additional prepayment charges are also attracting consumers to this scheme.

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Application Process and Necessary Steps

The entire application process for this scheme is digital. Consumers first register on the PM Surya Ghar portal. After completing the application, they fill out the loan form on the Jansamarth portal. Consumers can enter their electricity company, district, state, and other information, select a solar vendor, and then apply for installation. All information is self-declared, making the process simple and quick.