PM Surya Ghar: PSBs Approve Rs 109 billion for Rooftop Solar Loans

10 Oct 2025 CW Team

In a major boost to India’s renewable energy transition, Public Sector Banks (PSBs) have sanctioned loans worth Rs 109 billion under the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), aimed at expanding household-level rooftop solar adoption.

As of September 2025, more half million beneficiaries have secured approvals for rooftop solar loans through participating banks. The lending framework has been designed to make access to credit simpler and faster, with no collateral requirements and low interest rates, encouraging more households to shift to clean power generation.

The application process is fully digital, conducted via the JanSamarth Portal, which links directly with the national rooftop solar portal (pmsuryaghar.gov.in). This integration enables citizens to apply, track, and receive loan approvals without manual paperwork — a step intended to enhance transparency and ease of adoption.

Coordination between the Department of Financial Services and the Ministry of New and Renewable Energy (MNRE) ensures oversight of the scheme’s financial and operational progress. Implementation at the local level is being supported through State Level Bankers’ Committees and Lead District Managers, ensuring smooth rollout across districts.

The government views this milestone as an indicator of growing financial sector participation in renewable energy. The scale of approvals reflects not just institutional confidence but also rising household interest in self-generation of power — a key component of India’s strategy to decentralize clean energy production.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..