+
PM Surya Ghar: PSBs Approve Rs 109 billion for Rooftop Solar Loans
POWER & RENEWABLE ENERGY

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

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. 

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. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

India’s Global CE Connect

India’s construction equipment industry is entering a phase where scale is increasingly being matched by productivity, technology, localisation and lifecycle economics. Against this backdrop, bauma ConExpo India 2026, scheduled for September 15-18 at the India Expo Centre, Greater Noida, will bring the global and Indian construction machinery ecosystem together.The eighth edition is expected to be the largest yet, with the exhibition sold out across around 1.45 million sq ft. More than 1,100 exhibitors from over 100 countries are expected to participate, with visitor numbers projected to exc..

Next Story
Real Estate

Orris, Godrej Properties Settle Dispute Over Gurugram Project

Orris Infrastructure and Godrej Properties Limited have reached an amicable settlement over matters related to the jointly developed Godrej Air project in Gurugram, bringing an end to the dispute between the two companies.The Bombay High Court, while hearing a petition filed by Orris Infrastructure, ordered the immediate and unconditional release of Orris Managing Director Amit Gupta on August 25, 2026, after being informed about the settlement agreement between the parties.A single-judge bench led by Justice Milind N. Jadhav noted that in view of the settlement agreement signed by both compan..

Next Story
Infrastructure Urban

Panasonic Launches Second Cycle of Startup Co-Creation Programme

Panasonic Life Solutions India (PLSIND), through its IGNITION Open Innovation platform, has announced the second cycle of Co.lab Studio, a startup collaboration initiative focused on developing scalable digital services and solutions.The new cycle will focus on Safety & Security and Daily Living solutions for communities by leveraging Panasonic’s AI and IoT-enabled connected living platform, MirAIe. The programme aims to help startups move from innovation concepts to pilot deployments, platform integrations and commercialisation-ready solutions.The first cycle of Co.lab Studio received 1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code