PM Surya Ghar Scheme Gets ₹22,000 Crore Boost in Union Budget 2026
Budget
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CNBC TV18•01-02-2026, 14:19
PM Surya Ghar Scheme Gets ₹22,000 Crore Boost in Union Budget 2026
- •FM Nirmala Sitharaman allocated ₹22,000 crore to the PM Surya Ghar Muft Bijli Yojana in Union Budget 2026, an increase from previous estimates.
- •The scheme aims to cover 40 lakh households by March 2026 and one crore households by 2027, promoting rooftop solar panel installation.
- •Launched by PM Narendra Modi on February 15, 2024, the initiative offers free electricity and reduces dependence on conventional power sources.
- •Households receive up to 40% subsidy on installation costs, making solar energy affordable and accessible.
- •Subsidies vary based on electricity consumption, with financial support for 1-3 kW systems ranging from ₹30,000 to ₹78,000, plus collateral-free loans at ~7% interest.
Why It Matters: Union Budget 2026 boosts PM Surya Ghar scheme with ₹22,000 crore to expand solar energy access.
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