Muft Bijli Yojana: The Cabinet has approved the PM-Surya Ghar program, also known as Muft Bijli Yojana, which aims to provide rooftop solar installations in one crore households. This initiative seeks to bring affordable and sustainable energy solutions to a significant number of households.
Muft Bijli Yojana Update:
In addition to providing rooftop solar installations, the Muft Bijli Yojana, or PM-Surya Ghar program, now includes a provision for households to receive 300 units of electricity free every month. This further enhances the initiative’s goal of bringing affordable and sustainable energy solutions to a significant number of households.
PM-Surya Ghar: Muft Bijli Yojana Approval by Union Cabinet
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the PM-Surya Ghar: Muft Bijli Yojana. This initiative has a total outlay of Rs. 75,021 crore and aims to provide rooftop solar installations and offer free electricity up to 300 units every month for one crore households. The scheme was inaugurated by the Prime Minister on February 13, 2024.
This initiative seeks to bring affordable and sustainable energy solutions to a significant number of households across the country.
The major highlights of the scheme include:
Central Financial Assistance (CFA) for Residential Rooftop Solar
- The scheme provides a CFA of 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. At current benchmark prices, this will mean Rs 30,000 subsidy for 1 kW system, Rs 60,000 for 2 kW systems and Rs 78,000 for 3 kW systems or higher.
2. The households will apply for subsidy through the National Portal and will be able to select a suitable vendor for installing rooftop solar. The National Portal will assist the households in their decision-making process by providing relevant information such as appropriate system sizes, benefits calculator, vendor rating etc.
3. Households will be able to access collateral-free low-interest loan products of around 7% at present for installation of residential RTS systems up to 3 kW.
Other Features of the Scheme
- A Model Solar Village will be developed in each district of the country to act as a role model for adoption of rooftop solar in rural areas,
- Urban Local Bodies and Panchayati Raj Institutions shall also benefit from incentives for promoting RTS installations in their areas.
- The scheme provides a component for payment security for renewable energy service company (RESCO) based models as well as a fund for innovative projects in RTS.
Benefits of PM-Surya Ghar: Muft Bijli Yojana
The PM-Surya Ghar: Muft Bijli Yojana offers significant benefits to participating households, including:
- Electricity Bill Savings: Household participants in the scheme can expect substantial savings on their electricity bills.
- Earning Potential: Through the sale of surplus power to DISCOMs, households can generate additional income.
- Power Generation Capability: A 3 kW system is projected to generate over 300 units of electricity per month on average for each participating household.
These advantages contribute to the initiative’s goal of providing affordable and sustainable energy solutions to a significant number of households.
Impact of Muft Bijli Yojana on Solar Capacity and CO2 Emissions:
The proposed Muft Bijli Yojana, or PM-Surya Ghar program, is projected to add 30 GW of solar capacity through rooftop solar installations in the residential sector. This significant addition is anticipated to generate approximately 1000 BUs (Billion Units) of electricity. Furthermore, over the 25-year lifetime of rooftop systems, this initiative aims to contribute to the reduction of 720 million tonnes of CO2 equivalent emissions, thus significantly mitigating the environmental impact of energy consumption in the residential sector. The substantial increase in solar capacity and the consequential reduction in CO2 emissions align with the overarching goals of the Muft Bijli Yojana to provide affordable and sustainable energy solutions to a significant number of households.
It is estimated that the scheme will create around 17 lakh direct jobs in manufacturing, logistics, supply chain, sales, installation, O&M and other services.
PM-Surya Ghar: How to Register and Avail Benefits
Since the launch of the PM-Surya Ghar: Muft Bijli Yojana, the government has initiated a widespread campaign to raise awareness and encourage households to participate in the scheme. Interested households can register themselves on the official website PM Surya Ghar to avail the comprehensive benefits offered under the initiative.
By registering on the official website, households can take proactive steps towards accessing affordable and sustainable energy solutions, including rooftop solar installations and the opportunity to receive 300 units of electricity free every month. This concerted effort aims to empower households across the country to embrace renewable energy and benefit from the substantial advantages of the PM-Surya Ghar: Muft Bijli Yojana.
Don’t miss this opportunity to register and secure the benefits of the scheme for your household’s energy needs.
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