PSU Banks provide loans to approx 6 lac People under PM Surya Ghar Muft Bijli Yojana

Public Sector Banks in India have provided loans to approximately 6 lac People for installation of rooftop solar systems under PM Surya Ghar Muft Bijli Yojana.

As of September, 2025, Public Sector Banks (PSBs) have sanctioned over 5.79 lakh loan applications, amounting to ₹10,907 crore.

PM Surya Ghar Muft Bijli Yojana is a government scheme that aims to provide free electricity to households in India. The scheme was launched by Prime Minister Narendra Modi on February 15, 2024. Under the scheme, households will be provided with a subsidy to install solar panels on their roofs.

The subsidy will cover up to 40% of the cost of the solar panels. The scheme is expected to benefit 1 crore households across India. It is estimated that the scheme will save the government Rs. 75,000 crore per year in electricity costs.

Subsidy provided under PM Surya Ghar Muft Bijli Yojana

If you want, You can also apply for this scheme via this link.

How Many Applications received under PM Surya Ghar Scheme?

Till now over 62 lac applications have been received under PM Surya Ghar Yojana.