PM Surya Ghar: Muft Bijli Yojana Makes Rooftop Solar Accessible - 28th July 2026 - Ministry of New and Renewable Energy - Gazette Notification PDF

Policy Summary: PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY)

Overview The Ministry of New and Renewable Energy has implemented the PM Surya Ghar: Muft Bijli Yojana (PMSG: MBY) to enhance the affordability of rooftop solar (RTS) systems. The scheme specifically targets middle-income and economically weaker households by providing financial subsidies and accessible financing options.

Key Provisions and Financial Incentives To facilitate adoption, the policy includes the following measures:

• Central Financial Assistance: Enhanced subsidies are provided for the first two kWp of RTS capacity.
• Low-Interest Financing: Nationalized banks offer collateral-free loans at a concessional interest rate (currently 5.75% per annum, calculated as repo-rate plus 50 bps) with a repayment tenure of 10 years.
• Implementation Models: The scheme incorporates RESCO (Renewable Energy Service Company) and Utility-Led Aggregation (ULA) models.

Budgetary Allocation and Expenditure The following table outlines the year-wise financial data (in Rs. Crore) for the scheme:

Impact and Deployment Metrics As of July 22, 2026, the deployment of RTS systems under the scheme has achieved the following:

• Total Installations: 39,72,447 RTS systems.
• Household Coverage: 48,02,717 households.
• Consumer Benefits: Participants have seen significant reductions in electricity costs. Notably, 18.93 households reported zero electricity bills for certain months, depending on their self-consumption levels.

Official Context This information was provided by Shri Shripad Yesso Naik, Union Minister of State for the Ministry of New & Renewable Energy, in a written response to the Rajya Sabha on July 28, 2026.

Reference Information:

• Release ID: 2290407
• Source: PIB Delhi
• Contact/Reporter: Nihi Sharma