The PM Surya Ghar Muft Bijli Yojana (PMSGMBY) has crossed a milestone in promoting household adoption of solar energy, with Public Sector Banks (PSBs) sanctioning over 5.79 lakh loan applications amounting to ₹10,907 crore as of September 2025. The achievement underscores the government’s continued push to make clean, affordable, and self-sustaining power accessible to citizens across the country.

The PMSGMBY scheme, launched to encourage rooftop solar installations, is being implemented with robust financial support from PSBs through streamlined and inclusive lending mechanisms. The credit delivery process has been made more efficient with collateral-free loans offered at competitive interest rates, simplified documentation, and longer repayment tenures aligned with electricity cost savi

See Full Page