The PM Muft Bijli Yojana Explained
Sneha Gurav
April 11, 2024 0 Comment

Let’s face it, electricity bills can be a real buzzkill. Especially when that summer heat cranks up and your AC goes into overdrive. But fear not! The government got your back with the PM Surya Ghar Muft Bijli Yojana. Let’s break it down in simpler terms.

Subsidy Power:

Basically, this scheme is all about helping you generate your own electricity using rooftop solar panels. Think of it like having your own mini power plant in your house! Here’s the cool part.

Free Electricity:

Alright, not exactly free, but by generating your own power, you can offset your electricity usage from the grid. This means potentially slashing your monthly bills by up to 360 units! That’s a significant chunk of change saved every month.

Go Green and Save Green:

Solar power is a clean and renewable source of energy. So, not only will you save money, but you’ll also help the environment by reducing your carbon footprint. This also earns you eco-conscious bonus points!

Is This Scheme for Everyone?

Well, the aim is to empower 1 crore households across India. To see if you qualify, head over to the official website. It’ll have all the nitty-gritty details.

Here’s the Money Saving Breakdown:

  • Up to Rs. 30,000 per kilowatt (kW) for systems up to 2 kW.
  • An additional Rs. 18,000 per kW for systems between 2 kW and 3 kW.
  • A maximum subsidy of Rs. 78,000 for larger systems.

How Much Can You Save?

Let’s say your average monthly electricity consumption is around 200 units. A suitable rooftop plant capacity for this usage would be 2 kW. With the subsidy (ranging from Rs. 30,000 to Rs. 60,000), the upfront cost becomes much more manageable. Plus, by generating your own power, you can potentially offset those 200 units each month, translating to significant savings on your electricity bill!

Not Sure What Size System You Need?

This handy table gives you an idea of the recommended solar plant capacity based on your electricity consumption and the corresponding subsidy range:

Average Monthly Electricity Consumption (Units)Suitable Rooftop Solar Plant CapacitySubsidy
0-1501-2 kW₹ 30,000 to
₹ 60,000
151-3002-3 kW₹ 60,000 to ₹ 78,000
Above 300Above 3 kW₹ 78,000

Ready to Get Started?

The official website has a clear application process. It’s not rocket science we promise!

If you’re looking for a loan for solar system, just hop onto the official website and apply directly. Check out the finance options section and avail Credit Fair’s easy and no-cost EMI options.

We provide loans up to 10 lakh with a completely online process and instant approval. Borrowers can enjoy the convenience of flexible repayment tenures. The repayment period can be as short as 6 months and as long as 60 months, giving borrowers the freedom to choose a tenure that aligns with their financial capacity and preferences.

So, ditch those high electricity bills and embrace the power of the sun!