As of September 2025, Public Sector Banks (PSBs) have sanctioned over 5.79 lakh loan applications amounting to ₹10,907 crore under the PM Surya Ghar Muft Bijli Yojana (PMSGMBY) scheme. Enhancements to the scheme include inclusion of co-applicants and removal of capacity-based caps. Loans up to ₹2 lakh at competitive interest are available without collateral, with longer tenor for repayment, a 6-month moratorium period, lower margin contribution, and a digital sanction process. Loans are processed through the JanSamarth Portal, integrated with the National Portal for PM Surya Ghar Muft Bijli Yojana (pmsuryaghar.gov.in). The Department of Financial Services coordinates with the Ministry of New and Renewable Energy, State Level Bankers Committees, and Lead District Managers to strengthen implementation of the scheme. Posted on 07 OCT 2025 4:22PM by PIB Delhi. Release ID: 2175815.
Key Entities Referenced
PM Surya Ghar Muft Bijli Yojana (PMSGMBY): A scheme designed to empower households with clean and affordable solar energy by providing financial support for installing rooftop solar systems.
Public Sector Banks (PSBs): Banks actively involved in sanctioning loans under the PM Surya Ghar Muft Bijli Yojana.
Jan Samarth Portal: A portal used to process loans under the PM Surya Ghar Muft Bijli Yojana. It is integrated with the National Portal for the scheme.
Department of Financial Services: Actively reviews the progress of loans under the PM Surya Ghar Muft Bijli Yojana.
Ministry of New and Renewable Energy: Coordinates with the Department of Financial Services to review the progress of loans under the PM Surya Ghar Muft Bijli Yojana.
Ministry of Finance
Over 5 Lakh Loan Applications amounting to 10,907
crore Sanctioned by PSBs under PM Surya Ghar
Muft Bijli Yojana
Several enhancements such as inclusion of co-
applicants, removing capacity-based caps introduced
to expand the scheme’s reach
Posted On: 07 OCT 2025 4:22PM by PIB Delhi
The PM Surya Ghar Muft Bijli Yojana (PMSGMBY) scheme has achieved a significant milestone in
empowering households with clean and affordable solar energy. As of September, 2025, Public Sector Banks
(PSBs) have sanctioned over 5.79 lakh loan applications, amounting to ₹10,907 crore, augmenting the
financial support to the beneficiaries in installing rooftop solar systems.
Source: Jan Samarth Portal
The implementation of the PM Surya Ghar Muft Bijli Yojana (PMSGMBY) is actively supported by
streamlining the credit delivery process, facilitating collateral-free affordable loans at lower interest rates and
simplified financing through PSBs. The loans are processed through the JanSamarth Portal, integrated with
the National Portal for PM Surya Ghar Muft Bijli Yojana (pmsuryaghar.gov.in), ensuring an end-to-end
seamless digital application process, enhanced user experience and data-driven decision making for
beneficiaries.
The model loan scheme offers key benefits including, Loans up to ₹2 lakh at competitive interest, without
collateral, longer tenor for repayment in line with the electricity cost saving, 6-month moratorium period from
disbursement, lower margin contribution by the applicant and a digital sanction process based on self-
declaration.
With active participation from Public Sector Banks, several enhancements have been introduced to easeaccess to loans and expand the scheme’s reach. Notable improvements in the loan scheme, such as inclusion
of co-applicants to broaden scope of eligibility, removing capacity-based caps and simplified documentary
requirements, have been incorporated based on feedback from the users.
The Department of Financial Services in coordination with Ministry of New and Renewable Energy, actively
reviews the progress of loans under the scheme, strengthening implementation through collaboration with
State Level Bankers Committees and Lead District Managers, thereby driving faster adoption better outreach
and penetration of the scheme.
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(Release ID: 2175815)