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PM Surya Ghar: Muft Bijli Yojna
Context:
The Ministry of New and Renewable Energy (MNRE) has unveiled a ₹500-crore sub-component under the ₹75,000-crore PM Surya Ghar: Muft Bijli Yojana, aimed at promoting innovative projects related to rooftop solar installations.
Key Highlights:
- This initiative is set to revolutionise the solar energy landscape in India by incorporating cutting-edge technologies, including:
- Blockchain-based peer-to-peer rooftop solar systems
- Digital solutions for rooftop solar management
- Smart building materials integrated with solar technology
- Rooftop solar systems combined with electric vehicles (EVs)
- Grid-responsive rooftop solar systems with battery storage
- Distribution company (DISCOM) systems for managing rooftop solar installations
- Each project will have a maximum duration of 18 months, with financial assistance capped at 60% of the total project cost, up to ₹30 crore.
- The National Institute for Solar Energy (NISE), under the MNRE, will oversee the execution of the scheme.
About PM Surya Ghar: Muft Bijli Yojana:
- The Government of India launched the scheme on February 29, 2024.
- Objective: To significantly increase solar rooftop capacity and enable residential households to generate their own electricity.
- The scheme is projected to run until FY 2026-27.
- As of recent reports, 1.3 crore families have registered for the scheme, with 3.75 lakh homes having installed connections since March.
- The scheme offers subsidised installations, with a maximum subsidy of ₹78,000 per household.
- Unlike previous schemes, participants can now choose their preferred vendors online and access subsidised loans from banks for installation.