What is Pradhan Mantri Suryodaya Yojana?

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Introduction

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Benefits & Subsidies

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State Initiatives

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Potential Impact

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Environmental & Financial Impact

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Application Process

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Eligibility Criteria

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What is Pradhan Mantri Suryodaya Yojana?

By - Ravisha Poddar

Introduction

Pradhan Mantri Suryodaya Yojana offers rooftop solar power systems to one crore households in the country

Benefits & Subsidies

The central government provides a 40 percent subsidy on 3 kW solar panel installations and a substantial 20 percent subsidy for 10 kW installations

State Initiatives

States like UP, Bihar, Rajasthan, Maharashtra, and MP have begun installing rooftop solar plants, offering subsidies to encourage adoption

Potential Impact

With vast potential, over 640 GW of rooftop solar capacity could be installed in homes. About 7-8 lakh households have already benefitted from it

Environmental & Financial Impact

A surge in rooftop solar could add 20-25 GW of capacity, aiding states in saving power subsidies and improving the financial health of power companies

Application Process

Since 2022, an online portal has allowed interested individuals to apply, requiring basic details like state name, mobile number, email ID, and electricity distribution company

Eligibility Criteria

The applicant's annual income should not exceed Rs 1 or 1.5 lakh, and they should not be involved in government service