PM Surya Ghar Muft Bijli Yojana aims to light up one crore households by offering up to 300 units of free electricity every month.
About the scheme:
- Free Electricity: The scheme plans to light up one crore households by offering up to 300 units of free electricity every month.
- Investment: The project entails an investment exceeding Rs 75,000 crore, highlighting the government’s commitment to sustainable progress.
- Direct Subsidies: Substantive subsidies will be directly credited to people’s bank accounts to alleviate any cost burden.
- Concessional Bank Loans: Heavily concessional bank loans will be facilitated to support the initiative.
- National Online Portal: All stakeholders will be integrated into a National Online Portal for streamlined implementation.
- Incentives for Urban Local Bodies and Panchayats: To promote rooftop solar systems, urban local bodies and panchayats will be incentivized.
- Income Generation: The scheme is expected to lead to increased income, reduced power bills, and employment opportunities for the beneficiaries.
Rooftop Solar Initiative:
- Announced in the interim budget for 2024-25, the scheme encourages the installation of solar panels on rooftops.
- Incentives for people to purchase solar installations and feed excess energy back to the grid.
- Potential annual savings of ₹15,000 for participants.
- Significant allocation for solar (grid) in the budget – ₹10,000 crore for 2024-25.
Ref: Source
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