In a landmark decision aimed at promoting renewable energy adoption and reducing electricity bills, the government has greenlit the PM-Surya Ghar Scheme: Muft Bijli Yojana, allocating a substantial Rs 75,021 crore for rooftop solar installations and offering free electricity up to 300 units per month for one crore households.
New Delhi: The government’s latest initiative, the PM-Surya Ghar: Muft Bijli Yojana, received approval with a significant outlay of Rs 75,021 crore. Information and Broadcasting Minister Anurag Thakur disclosed the details after the Union Cabinet meeting, highlighting the scheme’s objective of facilitating rooftop solar installations and providing free electricity to millions of households.
The scheme, chaired by Prime Minister Narendra Modi, is poised to be a game-changer in ushering sustainable energy solutions into every household. Prime Minister Modi emphasized the transformative potential of the PM-Surya Ghar scheme, envisaging a brighter and greener future for all.
Key Features and Benefits of the Scheme:
Central Financial Assistance (CFA): The scheme offers a CFA of 60% of the system cost for 2 kW systems and 40% for systems between 2 kW to 3 kW capacity, capped at 3 kW. This translates to substantial subsidies ranging from Rs 30,000 to Rs 78,000, depending on system capacity.
Subsidy Application Process: Households can apply for subsidies through the National Portal, enabling them to select suitable vendors for rooftop solar installation. The portal facilitates informed decision-making by providing relevant information such as system sizes, benefits calculators, and vendor ratings.
Low-Interest Loans: Collateral-free, low-interest loan products at around 7% interest are available for households to install rooftop solar systems up to 3 kW, further easing the financial burden of adoption.
Model Solar Villages: Each district will develop a Model Solar Village to serve as a blueprint for rooftop solar adoption in rural areas, fostering community-driven renewable energy initiatives.
Incentives for Urban Local Bodies and Panchayati Raj Institutions: The scheme incentivizes local governance bodies to promote rooftop solar installations in their jurisdictions, catalyzing widespread adoption.
Payment Security for RESCO Models: The scheme incorporates a component for payment security in renewable energy service company (RESCO) models, ensuring financial viability for all stakeholders.
Reduction in CO2 Emissions: With an estimated addition of 30 GW of solar capacity through rooftop solar in the residential sector, the scheme is projected to reduce 720 million tonnes of CO2 equivalent emissions over the 25-year lifespan of rooftop systems.
Job Creation: The initiative is expected to generate around 17 lakh direct jobs across manufacturing, logistics, installation, and other sectors, stimulating economic growth and employment opportunities.
To avail the benefits of the PM-Surya Ghar scheme, households can register on the official portal (https://pmsuryaghar.gov.in), contributing to India’s clean energy transition and sustainable development goals.
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