Introduction
- Prime Minister has launched PM Surya Ghar: Muft Bijli Yojana to provide free electricity to its beneficiaries.
About PM Surya Ghar Muft Bijli Yojana
| Description | |
| Purpose | To provide 300 units of free electricity per month to beneficiaries through an investment of ₹75,000 crores. |
| Announcement | Initially announced in an interim budget speech by the Finance Minister. |
| Target | Aimed to light up 1 crore households. |
| Incentive for Renewable Energy | Urban Local Bodies and Panchayats incentivized to promote rooftop solar systems. |
| Financial Support | Central Government guarantees no financial burden on people through subsidies directly to bank accounts and highly concessional bank loans. |
| Expected Benefits | – Annual savings of ₹15,000 to ₹18,000 for households
– Charging of electric vehicles – Entrepreneurship opportunities – Employment opportunities for youth with technical skills. |
