PM Surya Ghar Yojana: No money? But want to take advantage of the ‘Free Electricity Scheme’?

The Central Government has started to provide the benefit of 300 units of free electricity under the PM Surya Ghar Muft Bijli Yojana. Any Indian citizen can avail of its benefits under this scheme. However, there must be sufficient space on the roof of the applicant’s house to install solar panels. The government is also giving subsidies under PM Surya Ghar Yojana, but before that, the applicant is required to install the solar rooftop. 

Free Solar Panel | Free Electricity

Installing a solar rooftop can cost lakhs of rupees. The cost of installing solar rooftops will increase according to kilowatt and on the basis of this calculation, a subsidy will be given by the government. Under this scheme, a minimum subsidy of Rs 30,000 will be given. In such a situation, you may have to spend thousands of rupees from your pocket.

PM Surya Ghar Yojana

PM Surya Ghar Yojana

Benefits of PM Surya Ghar Muft Bijli Yojana

The scheme is not just about lighting homes but is also about a faster and cost-effective way of harnessing the sun’s energy. The scheme works on a comprehensive approach towards reducing the financial burden on Indian households and also contribute to environmental sustainability. Following are the benefits associated with the scheme:

  • 1 crore people will get benefits under this scheme.
  • Under this scheme, 300 units of electricity will be given free every month.
  • Subsidy will be given by the government to buy solar panels.
  • The government will provide assistance and guidance to banks to provide loans for purchasing solar panels.

Features of PM Surya Ghar Muft Bijli Yojana

  • Financial assistance and adequate subsidies

Beneficiaries of this scheme will get the subsidy directly into their bank account along with access to heavily concessional bank loans, ensuring that there is no cost burden on individuals.

  • boost the sun’s energy system

To increase the popularity of the scheme at the grassroots level, Panchayats and Urban Local Bodies will be encouraged to install rooftop solar systems in their jurisdiction.

  • National Online Portal Integration

Every stakeholder including customers and urban local bodies and financial institutions will be integrated with a national online portal that will stream the application and execution process.

  • Economic and environmental benefits

Along with reduction in electricity bills, this scheme will also generate employment, boost income opportunities and is also expected to lead to significant reduction in carbon emissions.

Through this scheme, Prime Minister Narendra Modi’s aim is to promote a green future and move India towards energy self-sufficiency. This scheme is going to prove very beneficial for the residents of India. This scheme will help in providing electricity to every home.

Eligibility for PM Surya Ghar Muft Bijli Yojana

Following are the eligibility criteria for PM Surya Ghar Free Electricity Scheme:

  • Native people of India will be eligible for the scheme.
  • In this scheme, the age of the applicant should be more than 18 years.
  • In this scheme, priority will be given to the middle class and poor class.
  • This scheme is valid for people of every caste.
  • Aadhaar card linked to the applicant bank account is required to participate in the scheme.

Documents for PM Surya Ghar Muft Bijli Yojana

If a person wants to become eligible for PM Surya Ghar Muft Bilji Yojana, then it is mandatory for him to have the following important documents:

  • Aadhar card
  • domicile certificate
  • electricity bill
  • bank passbook
  • passport size photo
  • Ration card
  • Mobile no.
  • Affidavit
  • Income certificate

SBI is giving loan. 

If you also want to take advantage of this scheme of government but do not have the money to install a solar rooftop on the roof of your house, then the country’s largest public sector bank SBI has started a loan scheme under this scheme. Is of. You can take a loan from the bank under PM Surya Ghar Yojana. Let us know who will get this loan amount and what will be the interest rate.

What should be the minimum income? 

There is no income criteria to install solar rooftops up to 3 kW capacity but to take a loan for capacity more than 3 kW and up to 10 kW, the net annual income should be Rs 3 lakh and above. Needed. 

How much loan can you take and what will be the interest?

 To install a solar rooftop of 3KW capacity, you can take a loan of up to Rs 2,00,000 and its interest rate is 7 percent per annum. Whereas for capacity of more than 3KW and up to 10KW, a loan amount of up to Rs 6 lakh can be taken, the interest rate of which will be 10.15% per annum. People between 65 to 70 years of age can also take this loan. No processing fee will be charged under this.

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