Cabinet approves rooftop solar subsidy scheme at an outlay of Rs 75,021 cr
cabinet on Thursday approved 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 had launched the scheme on February 13, 2024.
Scheme provides a central financial assistance of 30,000 subsidy for 1 kW system, 60,000 for 2 kW systems and 78,000 for 3 kW systems or higher.
Households will be able to apply for subsidy through national portal and can select suitable vendor for installing rooftop solar.
Households can access collateral-free low-interest loan products of around 7 per cent at present for installation. In addition to this, Model Solar Village will be developed in each district to act as role model for adoption of rooftop solar in rural areas.
From substantive subsidies, which will be given directly to people’s bank accounts, to heavily concessional bank loans, the Central Government will ensure that there is no cost burden on the people, the Prime Minister said earlier.
All stakeholders will be integrated to a National Online Portal which will further convenience, he added.
Modi said that in order to popularise this scheme at the grassroots, urban local bodies and panchayats shall be incentivised to promote rooftop solar systems in their jurisdictions.
Solar energy is an important constituent of India’s ambitions of generating 500 GW of renewable energy by 2030. With overall solar energy generation getting traction in the last few years—capacity additions nearly doubled from 6,510 MW in 2019-20 to 12,760 MW in
