Revamped PM-Surya Ghar Muft Bijli Yojna | 12 Mar 2024

The Centre has tweaked the new ₹75,000-crore PM-Surya Ghar Muft Bijli Yojna (Prime Minister’s Rooftop Solar: Free Electricity Scheme)

Originally intended to fully subsidise installation of 1-3 Kilowatt (KW) solar systems in 1 crore households, the scheme now offers up to 60% coverage of costs, with households required to cover the remainder, albeit with accessible loans.
- The scheme envisaged to generate up to 300 units of free electricity every month which would translate to benefits of ₹15,000-18,000 annually for households.
India had aimed to install 40 GW of rooftop solar by 2022 but has only achieved approximately 12 GW thus far.
- Currently a rooftop solar system costs about ₹50,000 per KW.