What is Modi's solar subsidy scheme?

The scheme was launched by Prime Minister Narendra Modi on February 15, 2024. Under the scheme, households will be provided with a subsidy to install solar panels on their roofs. The subsidy will cover up to 40% of the cost of the solar panels. The scheme is expected to benefit 1 crore households across India.

What is pm Surya Ghar?

What is PM Surya Ghar: Muft Bijli Yojana. This project, with an investment of over Rs. 75,000 crores, aims to light up 1 crore households by providing up to 300 units of free electricity every month. the scheme will lead to more income, lesser power bills and employment generation for people.

What did prime minister Narendra Modi announce during budget 2024?

Finance Minister , during Budget 2024, announced a rooftop solar power scheme where 1 crore households will get up to 300 units of free electricity every month. On February 13, 2024, Prime Minister Narendra Modi, announced via his official handle on X, the launch of PM Surya Ghar: Muft Bijli Yojana

How do households apply for solar subsidy?

The households will apply for subsidy through the National Portal and will be able to select a suitable vendor for installing rooftop solar. The National Portal will assist the households in their decision-making process by providing relevant information such as appropriate system sizes, benefits calculator, vendor rating etc.

Who launched the national portal for rooftop solar?

Hon'ble Prime Minister of India, Shri Narendra Modi launched the National Portal for Rooftop Solar on 30/07/2022 . Shri R. K. Singh, Union Minister for Power and NRE and Shri Krishan Pal Gurjar, MoS, Power and Heavy Industries were present. Shri Bhagwanth Khuba, MoS, MNRE joined virtually.

What is a solar subsidy & how does it work?

The scheme provides for a subsidy of 60% of the solar unit cost for systems up to 2 kW capacity and 40 percent of additional system cost for systems between 2 to 3 kW capacity. The subsidy has been capped at 3 kW capacity.