The government has said that over five lakh loan applications amounting to 10 thousand nine hundred seven crore rupees have been sanctioned by Public Sector Banks (PSBs) under the Prime Minister’s Surya Ghar Muft Bijli Yojana. The Ministry of Finance said the loan has been sanctioned to provide financial support to the beneficiaries in installing rooftop solar systems.

 

 

The Ministry further said that with participation from PSBs, several enhancements have been introduced, such as the inclusion of co-applicants and the removal of capacity-based caps in the scheme to ease access to loans and expand the reach of the scheme.

 

 

The PM Surya Ghar Muft Bijli Yojana is being supported by making the credit delivery process easier and facilitating collateral-free loans at lower interest rates through PSBs. The loans are processed online through the JanSamarth Portal, ensuring a simple, digital, and quick experience for beneficiaries.