Since its inception, more than 2.43 million households have benefitted from the scheme, with over 830,000 loan applications sanctioned and ₹139.26 billion in subsidies extended.
Around 1.95 million residential rooftop solar (RTS) systems have been installed, with over 770,000 households having received zero or near‑zero electricity bills under the PM Surya Ghar Muft Bijli Yojana (PMSG: MBY), Shripad Yesso Naik, Minister of State for New and Renewable Energy, stated in a written reply to the Rajya Sabha on Tuesday.
Since its inception, more than 2.43 million households have benefitted from the scheme, while over 830,000 loan applications have been sanctioned. The government has extended ₹139.26 billion in subsidy support under PMSG: MBY so far.
Under PMSG: MBY, households are encouraged to install rooftop solar systems by accessing central financial assistance and concessional, collateral‑free loans, enabling them to significantly reduce or fully offset their electricity bills. The scheme targets 10 million RTS installations in the residential sector by FY2026-27, backed by an outlay of ₹750.21 billion.
Per Ministry of New and Renewable Energy data till December 9, Gujarat tops the list with 493,161 RTS installations, followed by Maharashtra (363,811), Uttar Pradesh (302,140), Kerala (169,227), and Rajasthan (108,584). The highest number of zero‑electricity‑bill consumers are in Gujarat (362,675), Kerala (117,697), Maharashtra (105,003), Uttar Pradesh (42,707), and Madhya Pradesh (40,594).
In terms of sanctioned loan applications, Uttar Pradesh leads with 186,297 approvals, followed by Maharashtra (138,592), Kerala (76,421), Assam (69,883), and Andhra Pradesh (61,607).
Apart from central financial assistance, collateral‑free loans at an interest rate of 5.75 per cent are available for installations, ensuring the economic profitability and cost‑effectiveness of RTS systems for beneficiaries. The rate is benchmarked to the Reserve Bank of India’s lending rate, with a small premium of 0.50 bps added.
To promote adoption among economically weaker sections in rural areas, the Ministry of New and Renewable Energy has also issued guidelines for RTS deployment under the Utility Led Aggregation (ULA) and Renewable Energy Service Company (RESCO) models. Under RESCO, a developer owns, operates, and maintains the rooftop solar system, while the consumer pays only for the electricity generated, removing upfront capital and technical barriers for households.
– Manish Pant