PM Surya Ghar Muft Bijli Yojana: India’s Solar Revolution
Recently, the PM Surya Ghar Muft Bijli Yojana (PMSGMBY) scheme achieved a significant milestone in empowering households with clean and affordable solar energy with Public Sector Banks (PSBs) having sanctioned over 5.79 lakh loan applications, amounting to Rs.10,907 crore (as of September 2025).
Brief Description of PMSGMBY
- Launched on February 15, 2024, PM Surya Ghar: Muft Bijli Yojana aims to provide free electricity to households in India.
- Under the scheme, households are provided with a subsidy to install solar panels on their roofs.
- The subsidy covers up to 40% of the cost of the solar panels.
- One of the components of the ....
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