Question 1

How much subsidy is available under PM Surya Ghar Muft Bijli Yojana?

Accepted Answer

Under PM Surya Ghar Muft Bijli Yojana, residential individual homeowners receive ₹30,000 for 1 kW, ₹60,000 for 2 kW, and a maximum of ₹78,000 for systems of 3 kW and above. Certain states like Uttar Pradesh offer an additional top-up of up to ₹30,000 via UPNEDA.

Question 2

What is the interest rate for the SBI Surya Ghar Solar Loan?

Accepted Answer

State Bank of India (SBI) and other PSU banks offer the PM Surya Ghar loan at a concessional rate of 7.00% per annum, requiring only 10% margin money with zero collateral up to 3 kW installations.