calender_icon.png 8 October, 2025 | 1:34 PM

PSBs sanction loans worth `10,907 cr under rooftop solar scheme

08-10-2025 12:00:00 AM

The PM Surya Ghar Muft Bijli Yojana scheme has achieved a significant milestone in empowering households with clean and affordable solar energy. As of September, 2025, public sector banks have sanctioned over 5.79 lakh loan applications, amounting to Rs 10,907 crore, augmenting the financial support to the beneficiaries in installing rooftop solar systems.

The implementation of the scheme is actively supported by streamlining the credit delivery process, facilitating collateral-free affordable loans at lower interest rates and simplified financing through PSBs. With active participation from PSBs, several enhancements have been introduced to ease access to loans and expand the scheme’s reach.