PM Surya Ghar: Muft Bijli Yojana

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Context

• Prime Minister Narendra Modi unveiled the 'PM Surya Ghar: Muft Bijli Yojana'.

Details

• The initiative is aimed at providing 300 units of free electricity every month to one crore households across the nation.
• The project would entail an investment of over Rs 75,000 crore.
• From substantive subsidies, which will be given directly to people’s bank accounts, to heavily concessional bank loans, the central government will ensure that there is no cost burden on the people.
• All stakeholders will be integrated to a National Online Portal.
• In order to popularise this scheme at the grassroots, urban local bodies and panchayats shall be incentivized to promote rooftop solar systems in their jurisdictions.
• At the same time, the scheme will lead to more income, lesser power bills and employment generation for people.

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.