PM Surya Ghar Muft Bijli Yojana

About PM Surya Ghar Muft Bijli Yojana

• In this scheme, the central government will provide 300 units of free electricity per month to its beneficiaries by investing worth ₹75,000 crores.
• The free electricity scheme was earlier announced by the Finance Minister in an interim budget speech.
• Target: It aims to light up 1 crore households.
• Under the scheme Urban Local Bodies and Panchayats shall be incentivisedto promote rooftop solar systems in their jurisdictions. 
• The Central Government will guarantee no financial burden on the people by providing significant subsidies directly to their bank accounts and offering highly concessional bank loans.
• Expected benefits:
  • Savings up to fifteen to eighteen thousand rupees annually for households from free solar electricity and selling the surplus to the distribution companies;
  • Charging of electric vehicles;
  • Entrepreneurship opportunities for a large number of vendors for supply and installation;
  • Employment opportunities for the youth with technical skills in manufacturing, installation and maintenance.

Q1) What is Solar Energy Corporation of India?

 It is the primary implementing agency of the Ministry of New and Renewable for Renewable Energy schemes/projects. It was established in the year 2011. It has awarded Renewable Energy (RE) project capacities of over 56 GW.

Source: PM Modi launches 'Muft Bijli Yojana' to provide 300 units electricity per month: Here's how to apply