Under this revolutionary government scheme, the government is offering loans up to ₹2 lakh for installing rooftop solar panels at a very low interest rate of just 6%. According to the latest data from the Ministry of Finance, by September 2025, public sector banks (PSBs) have approved over 5.79 lakh applications, involving an amount of ₹10,907 crore. By joining this innovative scheme, you can get up to 300 units of free electricity every month and make your home energy self-sufficient!
What is the PM Surya Ghar Muft Bijli Yojana
The PM Surya Ghar Muft Bijli Yojana is an ambitious initiative of the central government, whose primary objective is to provide clean and affordable solar energy to the general public. Under this scheme, eligible families are provided a substantial subsidy for installing rooftop solar panels. To reduce the burden of electricity bills, the government is providing up to 40% subsidy, enabling every household to become energy self-sufficient. You can also earn money by selling excess electricity to the grid, giving this scheme a dual benefit.
Subsidies Available
You will receive a subsidy of ₹30,000 per kilowatt on solar systems up to 2 kilowatts.
An additional subsidy of ₹18,000 per kilowatt will be provided for additional capacity above 2 kilowatts up to 3 kilowatts.
Larger solar systems with a total capacity of more than 3 kilowatts receive a total subsidy of up to ₹78,000.
Interest Rate on Loans up to ₹6 Lakh
One of the biggest features of the PMSGMBY scheme is its simple and affordable loan provision, making it financially easy to install solar panels. A fixed interest rate of 6% applies to loans up to ₹2 lakh. The interest rate for loans between ₹2 lakh and ₹6 lakh is determined in two ways: If you already have a home loan, the interest rate will be the same as your existing home loan. Those without a home loan will pay 1% (100 basis points) more than the home loan interest rate.
Key Financial Benefits of the Scheme
For loans up to ₹2 lakh, you don’t need to provide any collateral.
The loan repayment period is up to 10 years, which is very convenient considering the energy savings.
You won’t have to pay any installments for six months after receiving the loan.
If you wish to repay the loan early, there are no additional charges.
The entire loan application process is digital and self-declaration-based, making it extremely fast.
Loan for PM Surya Ghar Yojana
The registration and application process to avail the PMMSGMBY is completely online, ensuring transparency. First, you must complete the registration process on the PM Surya Ghar Portal. Subsequently, fill out your application and click ‘Apply for Loan’. The remaining process will be completed on the Jansamarth Portal.
Registration for Solar Panel Installation
First, visit the official website of the PM Surya Ghar Free Electricity Scheme. Go to the ‘Consumer’ page and select the ‘Apply Now’ or ‘Consumer Login’ option. Enter your registered mobile number and captcha, then click ‘Verify’. Enter the OTP received on your mobile and click ‘Login’. Enter your name, email address, state, district, and PIN code and click ‘Save’.
Application for Installation
After completing the registration, you can submit your application through ‘Apply for Solar Rooftop’ or ‘Vendor Selection’. To do this, you’ll need to select your state, district, and electricity distribution company. Next, enter your consumer account number and click ‘Fetch Details.’ Once your consumer information is loaded, click ‘Next’ to begin filling out and submitting the application form.