Prime Minister Announced Surya Ghar Muft Bijli Yojana

Utkarsh Classes Last Updated 14-02-2024

Government Scheme 4 min read

Prime Minister Narendra Modi launched the PM Surya Ghar: Muft Bijli Yojana, a project aimed at providing free electricity to its beneficiaries.

The scheme will offer up to 300 units of free electricity per month to its beneficiaries, with an investment of over Rs. 75,000 crores and a target of lighting up 1 crore households.
The Central Government will ensure that there is no cost burden on the people, by providing substantive subsidies, which will be given directly to people's bank accounts, and heavily concessional bank loans.
All stakeholders will be integrated into a National Online Portal for further convenience.
The scheme will also incentivize Urban Local Bodies and Panchayats to promote rooftop solar systems in their jurisdictions, leading to more income, lesser power bills, and employment generation for people.

India’s Solar Power Potential

The National Institute of Solar Energy (NISE) has assessed that India has a solar potential of about 748 GW assuming that 3% of the wasteland area could be covered by Solar PV modules.

Solar energy has become a significant part of India's National Action Plan on Climate Change, with the National Solar Mission (NSM) being one of its key missions. The NSM was launched on January 11th, 2010, and is a major initiative of the Indian Government that involves active participation from the states.
It aims to promote ecological sustainable growth and address the country's energy security challenges while making a significant contribution to the global effort to tackle climate change.
The mission's primary objective is to establish India as a global leader in solar energy by creating favourable policy conditions that facilitate the diffusion of solar technology across the country.
This aligns with India's Nationally Determined Contributions (NDCs) target, which aims to achieve about 50% cumulative electric power installed capacity from non-fossil fuel-based energy resources and reduce the emission intensity of its GDP by 45% from the 2005 level by 2030.
To achieve this target, the Government of India has launched various schemes to encourage solar power generation in the country, such as the Solar Park Scheme, VGF Schemes, CPSU Scheme, Defence Scheme, Canal bank & Canal top Scheme, Bundling Scheme, and Grid Connected Solar Rooftop Scheme.