PM Surya Ghar Muft Bijli Yojana Powers Ahead: Over 5.79 Lakh Homes Receive ₹10,907 Crore in Affordable Solar Loans

India’s renewable energy sector is witnessing a remarkable transformation, driven by the government’s flagship program — the PM Surya Ghar Muft Bijli Yojana (PM-SGMBY). As of September 2025, more than 5.79 lakh households have benefited from this initiative, securing a total of ₹10,907 crore in affordable solar loans to install rooftop solar panels. The program’s popularity has surged significantly in recent months, thanks to easier loan processing, reduced interest rates, and enhanced subsidies offered by public sector banks.

Rapid Surge in Solar Loan Approvals

Data from the Jan Samarth Portal highlights a steep rise in the number of approved solar loan applications between March and September 2025. Back in June 2024, only around 3,070 applications were sanctioned, amounting to ₹58 crore in total loans. By March 2025, approvals had skyrocketed to 1.98 lakh loans, worth approximately ₹4,528 crore.

The growth didn’t stop there — by September 2025, the number of sanctioned applications had more than doubled, reaching 5.79 lakh, with loans worth ₹10,907 crore disbursed. This rapid acceleration shows how the PM Surya Ghar Muft Bijli Yojana is empowering households to transition towards clean, cost-effective, and self-reliant energy solutions.

Key Benefits of the Scheme

One of the main strengths of the PM-SGMBY is the easy access to finance for rooftop solar installations. Beneficiaries can avail low-interest loans without collateral, making the adoption of solar energy far more accessible to middle- and lower-income families.

To further simplify the process, public sector banks have introduced several reforms — including allowing co-applicants, removing capacity-based limits, and expanding eligibility criteria. These changes have encouraged more citizens to apply for loans under the scheme and transition to renewable energy sources for their homes.

The scheme not only reduces the financial burden on households but also contributes significantly to the country’s mission of sustainable energy and reduced carbon emissions.

Government Monitoring and Implementation

The success of the PM Surya Ghar Muft Bijli Yojana can be attributed to active government monitoring and coordination between the Ministry of New and Renewable Energy (MNRE) and the Department of Financial Services (DFS).

Both departments are working closely with State-Level Bankers’ Committees (SLBCs) and Lead District Managers (LDMs) to ensure quick loan approvals and seamless fund disbursement. This coordinated effort has streamlined the entire loan process, increased public awareness, and ensured that the benefits of the scheme reach the last-mile beneficiaries efficiently.

Regular reviews and transparent reporting have also helped maintain accountability and improve the pace of implementation across states.

Future Outlook: Expanding Reach and Self-Reliance

Given the exponential rise in solar loan disbursals, the PM Surya Ghar Muft Bijli Yojana is expected to reach millions of households in both rural and urban India in the coming months. The government’s continuous efforts to enhance credit delivery systems, reduce processing delays, and increase subsidy awareness are likely to further boost participation.

By promoting domestic solar energy generation, this initiative not only reduces electricity expenses for families but also helps India move closer to its goal of energy self-reliance (Atmanirbharta). The widespread adoption of rooftop solar power supports the nation’s broader commitment to clean energy and sustainability, marking a major step toward achieving its Net Zero emissions target in the coming decades.

Key Highlights

• Total Loans Approved (as of Sept 2025): 5.79 lakh

• Total Loan Amount Disbursed: ₹10,907 crore

• Main Beneficiaries: Residential households installing rooftop solar systems

• Lenders: Public sector banks under government supervision

• Core Benefits: Easy loans, minimal documentation, low interest, and no collateral

The PM Surya Ghar Muft Bijli Yojana has clearly emerged as a game-changer for India’s solar revolution, making sustainable energy affordable and accessible for ordinary citizens. As demand continues to grow, the program is set to illuminate more homes while powering India’s journey toward a cleaner, greener, and self-reliant future.