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Solar power scheme gets Modi Cabinet's nod, Rs 60,000 subsidy, 300 units free for 1 crore homes

The Rs 75,000 crore rooftop solar scheme for providing free electricity to consumers was launched by Prime Minister Narendra Modi.

Edited By: Shashwat Bhandari @ShashBhandari New Delhi Updated on: February 29, 2024 16:09 IST
Solar panels installed on the roof of the houses in
Image Source : PTI Solar panels installed on the roof of the houses in Ahmedabad.

Families will get up to Rs 60,000 subsidy for setting up rooftop solar panel systems, and 300 units of free electricity under Centre's mega push for switching to solar power after the Modi cabinet gave its approval for PM-Surya Ghar: Mufti Bijli Yojna. The government will invest Rs 75,021 crore, under which one crore households will get financial assistance for installing rooftop solar plants.

Briefing media after the Cabinet meeting, I&B Minister Anurag Thakur informed that approval has been given for the scheme for installing rooftop solar and providing free electricity up to 300 units every month for one crore households.

Each household can get a subsidy of Rs 30,000 for 1 kw system and Rs 60,000 for 2 kw system.

PM Modi said, "In order to further sustainable development and people’s wellbeing, we are launching the PM Surya Ghar: Muft Bijli Yojana. This project, with an investment of over Rs 75,000 crores, aims to light up 1 crore households by providing up to 300 units of free electricity every month."

"From substantive subsidies, which will be given directly to people’s bank accounts, to heavily concessional bank loans, the Central Government will ensure that there is no cost burden on the people. All stakeholders will be integrated to a National Online Portal which will further convenience," Modi said in a post on X.

He further said that in order to popularise this scheme at the grassroots, Urban Local Bodies and Panchayats will be incentivised to promote rooftop solar systems in their jurisdictions. At the same time, the scheme will lead to more income, lesser power bills and employment generation for people, he added.

"Let’s boost solar power and sustainable progress. I urge all residential consumers, especially youngsters, to strengthen the PM - Surya Ghar: Muft Bijli Yojana by applying at -- pmsuryaghar.gov.in," PM Modi said.

ALSO READ | How India's economy under PM Modi offers 'real alternative' to China?

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