India, Oct. 7 -- The Government of India has issued a release:
The PM Surya Ghar Muft Bijli Yojana (PMSGMBY) scheme has achieved a significant milestone in empowering households with clean and affordable solar energy. As of September, 2025, Public Sector Banks (PSBs) 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.
Source: Jan Samarth Portal
The implementation of the PM Surya Ghar Muft Bijli Yojana (PMSGMBY) is actively supported by streamlining the credit delivery process, facilitating collateral-free affordable loans at lower interest rates and simplified financing through PSBs. The loans are processed through the J...