Indian Economy News

Prime Minister, Mr. Narendra Modi announces Surya Ghar Muft Bijli Yojana.

Prime Minister, Mr. Narendra Modi unveiled PM Surya Ghar Muft Bijli Yojana, a rooftop solar scheme designed to provide free electricity to households. With an investment exceeding US$ 9 billion (Rs. 75,000 crore), the initiative aims to illuminate one crore households by offering up to 300 units of complimentary electricity each month. To alleviate financial burdens, the Central Government plans to provide substantial subsidies directly to individuals' bank accounts and offer heavily concessional bank loans. The process will be streamlined through integration with a National Online Portal for enhanced convenience.

The Prime Minister, Mr. Narendra Modi, emphasized grassroots promotion, incentivizing Urban Local Bodies and Panchayats to encourage the adoption of rooftop solar systems. This initiative reduces power bills and contributes to income generation and employment opportunities. The Prime Minister, Mr. Narendra Modi, urged residential consumers, especially the younger generation, to support the PM - Surya Ghar: Muft Bijli Yojana.

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