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PM Surya Ghar Muft Bijli Yojana Goes Digital-Only: Loan Data

29 April 20251 min read
GOVERNMENT SCHEMESPM Surya GharMuft Bijli YojanaGoes Digital-Only:Loan Data29 April 2025safalsetu.com

Why in the news

Consumer validation, site feasibility and installation checks must now happen fully online, replacing slow physical verification.

Progress snapshot

  • Applications received: 4.1 million.
  • Loan applications submitted: 375,000.
  • Largest sanction counts: SBI 26,685, PNB 22,082, Union Bank 19,700, Bank of Baroda 16,010, Canara Bank 9,551.

Reforms proposed

  • Vendor subsidy payments linked to ratings and a working capital product for vendors.
  • Loans for applicants lacking credit scores; Renewable Finance Obligations and wider PSL.
  • Branch training and targets, with SLBC and DLBC monitoring.

Portal problems

  • OTP delays, missing loan option after vendor acceptance, Discom data issues on the Jan Samarth portal.
  • Suggested: edit bank details before final submission and add a confirmation popup.

Exam angle

  • Scheme abbreviation: PMSGMBY.
  • Subsidy route: PFMS.

Test yourself

1. PM Surya Ghar Muft Bijli Yojana aims to install rooftop solar for how many households?

The target is rooftop solar for 10 million households.

2. Under PM Surya Ghar, the standard loan up to ₹2 lakh is priced at what rate?

The collateral-free loan is at Repo + 50 basis points.

3. Through which system is the PM Surya Ghar subsidy transferred to the applicant?

The subsidy goes via the Public Financial Management System (PFMS).

This topic is part of Daily Current Affairs 29 April 2025 (22 topics).

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