5.79 lakh loan applications sanctioned by Public Sector Banks (PSBs), amounting to
₹10,907 crore. Enhancements like co-applicants, removal of capacity caps, and simplified documentation
are making rooftop solar adoption more affordable and accessible.
Over 5.79 Lakh Loan Applications Sanctioned under PM Surya Ghar Muft Bijli Yojana
The PM Surya Ghar Muft Bijli Yojana (PMSGMBY) continues to empower households
with clean, affordable solar energy. As of September 2025, PSBs have sanctioned over
5.79 lakh loan applications, amounting to
₹10,907 crore, boosting support for rooftop solar installations.
Seamless Digital Loan Processing
The scheme is backed by collateral-free affordable loans with lower interest rates and simplified financing
through PSBs. Applications are processed via the
JanSamarth Portal,
which is integrated with the
National Portal for PM Surya Ghar Muft Bijli Yojana,
ensuring an end-to-end seamless digital application process and enhanced user experience.
Key Benefits of the Loan Scheme
- Loans up to ₹2 lakh at competitive interest rates
- No collateral required for loans
- Repayment tenure aligned with electricity savings
- 6-month moratorium period after disbursement
- Lower margin contribution by applicants
- Fully digital sanction process based on self-declaration
About the Scheme
The PM Surya Ghar Muft Bijli Yojana aims to provide free electricity up to 300 units per month
to households through rooftop solar installations. It reduces power bills, promotes clean energy, and
makes families more energy-independent.
Key Benefits
- Free electricity up to 300 units/month
- Government subsidy on installation cost
- Collateral-free loans at low interest rates
- 6-month moratorium on loan repayment
- Digital application process via official portal
Subsidy Structure
| Plant Capacity | Subsidy Amount |
| Up to 2 kW | ₹30,000 per kW |
| 2 – 3 kW | ₹30,000 per kW (first 2 kW) + ₹18,000 per kW (next 1 kW) |
| Above 3 kW | Capped at ₹78,000 |
*Subsidy credited directly to the beneficiary’s bank account through DBT.
Who Can Apply?
- Residential households with their own rooftop
- Consumers with a valid electricity connection
- Families who haven’t availed rooftop solar subsidy earlier
- Special focus on middle and low-income households
Enhancements Introduced
With active participation from PSBs, the scheme has been refined to improve access.
Notable enhancements include:
- Inclusion of co-applicants to widen eligibility
- Removing capacity-based caps for installations
- Simplified documentation requirements
Driving Faster Adoption
The Department of Financial Services, in coordination with the
Ministry of New and Renewable Energy, is actively reviewing loan progress under the scheme.
Collaboration with State Level Bankers Committees and Lead District Managers ensures
better outreach, penetration, and faster adoption of rooftop solar energy across India.
🌞 Final Note
The scheme is not just about free electricity — it is about energy independence, reduced bills,
and a cleaner environment. With easier loans and broader eligibility, more households can now
join India’s solar revolution.
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