Rooftop Solar scheme renamed with Rs 750 billion allocation
POWER & RENEWABLE ENERGY

Rooftop Solar scheme renamed with Rs 750 billion allocation

Prime Minister Narendra Modi declared the rooftop solar scheme, PM Surya Ghar Muft Bijli Yojana, with an investment exceeding Rs 750 billion. PM Modi stated on the microblogging platform X that, "In order to further sustainable development and people's well-being, the PM Surya Ghar: Muft Bijli Yojana is being launched."

The scheme, initially introduced on January 22 by the Prime Minister as Pradhan Mantri Suryodaya Yojana, aims to illuminate 10 million households, providing them with free electricity of up to 300 units monthly. It envisions substantial subsidies directly credited to the bank accounts of consumers and heavily concessional bank loans. He stated, "The central government will ensure that there is no cost burden on the people. All stakeholders will be integrated into a National Online Portal, which will further enhance convenience."

The interim budget had also proposed the rooftop solar segment, stating that 10 million households would receive up to 300 units of free electricity every month under the scheme initially proposed as Pradhan Mantri Suryodaya Yojana, with an outlay of Rs 100 billion. To promote the scheme, urban local bodies and panchayats will be encouraged to endorse rooftop solar installations in their jurisdictions, as per the Prime Minister's announcement.

Modi mentioned that the scheme would result in increased income, reduced power bills, and employment generation. Following the PM's announcement of the scheme in January, Power Minister RK Singh had stated that the Centre was aiming to raise the subsidy for rooftop solar projects for households to 60% of the capital cost from the current 40%, targeting the lower and lower-middle class. Singh also noted that all power public sector undertakings (PSUs) would implement the program by forming special purpose vehicles.

Prime Minister Narendra Modi declared the rooftop solar scheme, PM Surya Ghar Muft Bijli Yojana, with an investment exceeding Rs 750 billion. PM Modi stated on the microblogging platform X that, In order to further sustainable development and people's well-being, the PM Surya Ghar: Muft Bijli Yojana is being launched. The scheme, initially introduced on January 22 by the Prime Minister as Pradhan Mantri Suryodaya Yojana, aims to illuminate 10 million households, providing them with free electricity of up to 300 units monthly. It envisions substantial subsidies directly credited to the bank accounts of consumers and heavily concessional bank loans. He stated, The central government will ensure that there is no cost burden on the people. All stakeholders will be integrated into a National Online Portal, which will further enhance convenience. The interim budget had also proposed the rooftop solar segment, stating that 10 million households would receive up to 300 units of free electricity every month under the scheme initially proposed as Pradhan Mantri Suryodaya Yojana, with an outlay of Rs 100 billion. To promote the scheme, urban local bodies and panchayats will be encouraged to endorse rooftop solar installations in their jurisdictions, as per the Prime Minister's announcement. Modi mentioned that the scheme would result in increased income, reduced power bills, and employment generation. Following the PM's announcement of the scheme in January, Power Minister RK Singh had stated that the Centre was aiming to raise the subsidy for rooftop solar projects for households to 60% of the capital cost from the current 40%, targeting the lower and lower-middle class. Singh also noted that all power public sector undertakings (PSUs) would implement the program by forming special purpose vehicles.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement