SBI loan for PM Surya Ghar Muft Bijli Yojana: Loan amount you can avail, tenure, interest, eligibility
PM Surya Ghar Muft Bijli Yojana for Solar Roof Top Finance.
What is PM Surya Ghar Muft Bijli Yojana
The government launched PM Surya Muft Bijli Yojana a couple of months ago. After opting for the scheme, households will be able to save money on their electricity bills while also earning more money by selling surplus power to DISCOMs.
Also read: Who is eligible to apply for free electricity under PM Surya Ghar Muft Bijli Yojana?
Who is eligible to apply for PM Surya Ghar Muft Bijli Yojana
According to Press Information Bureau (PIB) release issued on March 1, 2024:
- The applicant must be an Indian citizen.
- Must own a house with a roof that is suitable for installing solar panels.
- The household must have a valid electricity connection.
- The household must not have availed of any other subsidy for solar panels.
Also read: PM Surya Ghar Muft Bijli Yojana: Solar rooftop installation loans of SBI vs Canara Bank vs Union Bank of India vs Bank of Baroda vs Bank of India
Here are some important FAQs on SBI Surya Ghar Yojna for Solar Roof Top Finance, according to the SBI website.
Is there any minimum income criteria to avail this loan?
A: No, if loan is for installation of Solar Roof Top up to 3 KW capacity. However, to avail loan for more than 3 KW & up to 10 KW capacity installation, net annual income should be Rs 3 lacs and above .
How much loan amount is available in SBI Surya Ghar Scheme?
- Installation of Solar Roof Top of up to 3 KW capacity: Rs. 2,00,000
- Installation of Solar Roof Top of more than 3 KW and up
