look news india
The Union Cabinet on Thursday approved the PM-Surya Ghar: Free Electricity Scheme (PM-Surya Ghar Free Electricity Scheme). This will cost Rs 75,021 crore. Under the scheme, one crore houses will get financial assistance to install solar plants on their rooftops. After the Union Cabinet meeting, Information and Broadcasting Minister Anurag Thakur said that the plan to install solar plants on rooftops and provide 300 units of free electricity per family every month to one crore families has been approved. Each family will get a subsidy of Rs 30,000 for a plant of one kilowatt capacity and Rs 60,000 for a plant of two kilowatt capacity.
How can I apply?
The national portal https://pmsuryagarh.gov.in/ has been launched for the families who want to take advantage of this scheme. By applying on this portal, they will be able to select the vendor and rooftop solar as per their choice and convenience. After the rooftop solar is installed by the seller, net metering of the discom will be done and its proof will be uploaded on the portal, after which the subsidy amount will be transferred directly to the customer's bank account by the Government of India.
The government has said that the remaining cost of rooftop solar panels will also be available to the beneficiaries of the scheme as loans at affordable interest rates from banks through the portal. Banks will not charge interest more than 0.5 percent above the repo rate.
Rs 15,000 will be saved annually
Under this scheme, even if the beneficiaries pay the loan installment every month from the savings in electricity bill, they will still have savings. For example, if a consumer consuming 300 units of electricity installs a 3 KW rooftop solar plant, he will get the entire electricity free, and will not have to pay an electricity bill of around Rs 1875 every month. Out of this savings, even after paying EMI of around Rs 610, an amount of around Rs 1265 will be left i.e. more than Rs 15,000 will be saved every year.
RWAs/Group Housing Societies will also be given a subsidy of Rs 18,000 per KW for rooftop solar plants up to 500 KW for common area lighting, EV charging etc.