10 Lakh Homes Solar-Powered under PM Surya Ghar Yojana

The PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, has crossed a historic milestone, with 10 lakh homes now solar-powered.
Launched by Prime Minister Narendra Modi on February 13, 2024, the scheme is rapidly transforming India’s energy landscape by promoting clean, affordable, and self-sustained power generation for households. With 47.3 lakh applications received, the initiative has already disbursed ₹4,770 crore in subsidies to 6.13 lakh beneficiaries, making solar energy more accessible than ever. The scheme’s easy financing options, including collateral-free loans up to ₹2 lakh at a 6.75% subsidized interest rate through 12 Public Sector Banks, have further accelerated adoption. So far, 3.10 lakh loan applications have been received, with 1.58 lakh sanctioned and 1.28 lakh disbursed, ensuring financial inclusion for all. With a seamless 15-day subsidy transfer process and zero electricity bills for many beneficiaries, the scheme is not just powering homes but also empowering people. Every solar installation under PMSGMBY offsets carbon emissions equal to planting 100 trees, driving India towards a cleaner, greener, and self-reliant future.