Rooftop solar scheme renamed as PM Surya Ghar free electricity scheme

Prime Minister Narendra Modi on Tuesday announced PM Surya Ghar Free Power Scheme rooftop solar scheme with an investment of over ₹75,000 crore.

“For sustainable development and well-being of the people, we are launching PM Surya Ghar: Free Electricity Scheme,” PM Modi said on microblogging platform X.

The scheme was first announced by the Prime Minister on January 22 as Pradhan Mantri Suryodaya Yojana, which aims to light 10 million homes and enable them to get up to 300 units of free electricity every month. It envisages huge subsidies and heavily concessional bank loans directly into the bank accounts of consumers. “The central government will ensure that there is no cost burden on the people. All stakeholders will be integrated into a national online portal, which will further facilitate,” he said.

The rooftop solar segment was also highlighted in the interim budget, stating that 10 million households would be able to get up to 300 units of free electricity every month under the scheme proposed as Pradhan Mantri Suryodaya Yojana with an outlay of ₹10,000 crore. Will be made capable. The Prime Minister today said that to popularize the scheme, urban local bodies and panchayats will be encouraged to promote rooftop solar power installations in their jurisdiction.

Modi said, this scheme will lead to more income, lower electricity bills and employment generation. After the Prime Minister’s scheme was announced in January, Power Minister RK Singh had said that the Center will increase the subsidy for rooftop solar projects for households from 40% of the existing capital cost, keeping in mind the lower and lower middle class. Considering doing 60%. Singh had also mentioned that all power public sector undertakings (PSUs) would implement the program by creating special purpose vehicles.