Transforming Energy Access: PM-Surya Ghar Muft Bijli Yojana

Overview of the PM-Surya Ghar Muft Bijli Yojana

India is making significant strides in renewable energy with the launch of the PM-Surya Ghar Muft Bijli Yojana. This initiative, approved by the Union Cabinet, aims to promote rooftop solar installations across the nation. With a funding allocation of ₹75,021 crore, it seeks to transform how households access electricity, moving towards sustainable energy solutions.

Key Features of the Scheme

The PM-Surya Ghar Muft Bijli Yojana has several critical features designed to enhance energy security while reducing carbon emissions:

• Objective: The scheme aims to provide 300 units of “free electricity” monthly to one crore households.
• Financial Support: Substantial subsidies are available for rooftop solar (RTS) installations. These include:
  • 60% subsidy for systems up to 2 kW.
  • 40% subsidy for systems between 2 kW and 3 kW.
• Subsidy Amounts: Current benchmark prices suggest subsidies can reach:
  • ₹30,000 for 1 kW systems.
  • ₹60,000 for 2 kW systems.
  • ₹78,000 for 3 kW systems or higher.
• Application Process: Households can apply for subsidies through a central portal which also assists in selecting vendors for installations.
• Financing: For expenses beyond the subsidy, households may obtain collateral-free, low-interest loans (approximately 7%) for RTS systems up to 3 kW.
• Operational Mechanism: The scheme allows loan repayment through the sale of excess power generated back to the grid, ensuring financial sustainability.

Expected Impact and Implications

The PM-Surya Ghar Muft Bijli Yojana is set to play a crucial role in achieving India’s renewable energy targets. By promoting rooftop solar installations, it aims to reduce reliance on fossil fuels and lower greenhouse gas emissions. This initiative aligns with global sustainability goals and reinforces India's commitment to the Paris Agreement.

Additionally, the scheme is expected to generate numerous job opportunities in the renewable energy sector, thereby contributing to economic growth and environmental sustainability. As India advances toward a greener future, the PM-Surya Ghar Yojana highlights the country's commitment to innovation and energy independence.

Frequently Asked Questions (FAQs)

Q1. What is the objective of the PM-Surya Ghar Muft Bijli Yojana?
Answer: The scheme aims to provide 300 units of free electricity monthly to one crore households, enhancing energy security and promoting renewable energy use.

Q2. What subsidies are available under this scheme?
Answer: The scheme offers a 60% subsidy for systems up to 2 kW and a 40% subsidy for systems between 2 kW and 3 kW, promoting affordable solar energy access.

Q3. How can households apply for the subsidy?
Answer: Households can apply through a central portal that assists in selecting vendors and provides information on system sizes and subsidies available.

Q4. What financing options are available for solar system installations?
Answer: Households can access collateral-free, low-interest loans, around 7%, for costs not covered by subsidies, facilitating affordable installations.

Q5. How does the scheme contribute to job creation?
Answer: By promoting rooftop solar installations, the PM-Surya Ghar Yojana is expected to create job opportunities in the renewable energy sector, driving economic growth.

UPSC Practice MCQs

Question 1: What is the primary aim of the PM-Surya Ghar Muft Bijli Yojana?
A) To provide free electricity to all households
B) To promote rooftop solar installations
C) To reduce fossil fuel dependency
D) To enhance energy security
Correct Answer: B

Question 2: What subsidy percentage is offered for rooftop solar systems up to 2 kW?
A) 100%
B) 60%
C) 40%
D) 20%
Correct Answer: B

Question 3: How can households repay loans for solar system installations?
A) By selling excess power back to the grid
B) Through monthly payments
C) By government grants
D) By providing collateral
Correct Answer: A

Question 4: What is one expected impact of the PM-Surya Ghar Yojana?
A) Increased reliance on fossil fuels
B) Job creation in renewable energy
C) Higher electricity prices
D) Limited access to solar energy
Correct Answer: B