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The Union Cabinet approved a rooftop solar scheme named 'PM Surya Ghar: Muft Bijli Yojana' to install rooftop solar panels across 1 million households.
The Union Cabinet approved a rooftop solar scheme named 'PM Surya Ghar: Muft Bijli Yojana' to install rooftop solar panels across 1 million households.
False
Beneficiaries of the scheme will receive free electricity up to 200 units per month.
Beneficiaries of the scheme will receive free electricity up to 200 units per month.
False
The Central Financial Assistance provided by the scheme covers 70 percent of the system cost for systems above 3 kW capacity.
The Central Financial Assistance provided by the scheme covers 70 percent of the system cost for systems above 3 kW capacity.
False
Households will apply for the subsidy through a State-specific Portal.
Households will apply for the subsidy through a State-specific Portal.
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Low-interest loan products at around 7 percent interest rate are available for installation of residential RTS systems up to 3 kW.
Low-interest loan products at around 7 percent interest rate are available for installation of residential RTS systems up to 3 kW.
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The decision regarding the rooftop solar scheme was taken at a Cabinet meeting chaired by the President of India.
The decision regarding the rooftop solar scheme was taken at a Cabinet meeting chaired by the President of India.
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Study Notes
PM Surya Ghar: Muft Bijli Yojana
- The Union Cabinet approved a rooftop solar scheme to install rooftop solar panels across 10 million households with a total outlay of Rs 75,021 crore.
- The scheme aims to provide free electricity of up to 300 units per month to beneficiaries.
Central Financial Assistance (CFA)
- The CFA will be 60% of system cost for 2 kW systems and 40% of additional system cost for systems between 2 to 3 kW capacity.
- The CFA will be capped at 3 kW.
- The subsidy amounts will be:
- Rs 30,000 for 1 kW system
- Rs 60,000 for 2 kW systems
- Rs 78,000 for 3 kW systems or higher
Application and Installation Process
- Households will apply for subsidy through the National Portal.
- The National Portal will assist households in decision-making by providing:
- Appropriate system sizes
- Benefits calculator
- Vendor rating
- Households will be able to select a suitable vendor for installing rooftop solar.
- Collateral-free low-interest loan products of around 7% will be available for installation of residential RTS systems up to 3 kW.
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Description
Test your knowledge about the rooftop solar scheme 'PM Surya Ghar: Muft Bijli Yojana' approved by the Union Cabinet to provide free electricity to 10 million households. Learn about the key details and objectives of this initiative.
