The scheme, which aims to empower residential consumers with free solar electricity, is backed by a streamlined credit delivery framework.
The PM Surya Ghar Muft Bijli Yojana has crossed a major milestone in its push for clean and affordable energy access. As of September 2025, Public Sector Banks (PSBs) have sanctioned over 579,000 loan applications amounting to ₹109.07 billion, significantly accelerating rooftop solar adoption across Indian households.
The scheme, which aims to empower residential consumers with free solar electricity, is backed by a streamlined credit delivery framework. Loans are processed digitally via the JanSamarth Portal, which is integrated with the National Portal for PM Surya Ghar Muft Bijli Yojana (pmsuryaghar.gov.in), ensuring a seamless end-to-end experience for applicants. The portal enables faster approvals, simplified documentation, and data-driven decision-making for banks and beneficiaries alike.
Under the model loan scheme, households can access loans of up to ₹200,000 at competitive interest rates, without collateral. The repayment structure is aligned with electricity cost savings and includes a six-month moratorium period. Applicants benefit from lower margin contributions and a digital sanction process based on self-declaration, making the scheme accessible to a wider base.
Responding to user feedback, PSBs have introduced several enhancements to improve reach and ease of access. These include allowing co-applicants to expand eligibility, removing capacity-based caps, and simplifying documentation requirements. The Department of Financial Services, in coordination with the Ministry of New and Renewable Energy, continues to monitor progress through regular reviews with State Level Bankers Committees and Lead District Managers.