PM Surya Ghar: public sector banks sanction 5.79 lakh rooftop-solar loans worth ₹10,907 crore
As of September 2025, public sector banks had sanctioned over 5.79 lakh loan applications worth ₹10,907 crore under the PM Surya Ghar Muft Bijli Yojana for rooftop solar, the Finance Ministry said on 7 October 2025.
Summary
The Finance Ministry said on 7 October 2025 that, as of September 2025, public sector banks (PSBs) had sanctioned over 5.79 lakh loan applications worth ₹10,907 crore under the PM Surya Ghar Muft Bijli Yojana (PMSGMBY) to help households install rooftop solar systems. Loans are processed through the JanSamarth portal, integrated with the national portal pmsuryaghar.gov.in. The model loan scheme offers collateral-free loans of up to ₹2 lakh at competitive interest, a longer repayment tenor linked to electricity savings, a 6-month moratorium from disbursement, lower margin money and a digital sanction based on self-declaration. Recent changes include allowing co-applicants, removing capacity-based caps and simplifying documents. DFS reviews progress with the Ministry of New and Renewable Energy, State Level Bankers' Committees and Lead District Managers.
Key facts
- Loans
- 5.79 lakh+ applications sanctioned; ₹10,907 crore (as of Sept 2025)
- Portal
- JanSamarth, integrated with pmsuryaghar.gov.in
- Model loan
- Up to ₹2 lakh, collateral-free; 6-month moratorium
- Changes
- Co-applicants allowed; capacity caps removed; simpler documents
- Review
- DFS with MNRE, SLBCs and Lead District Managers
Practice MCQs 2 questions
As of September 2025, public sector banks had sanctioned loans under PM Surya Ghar Muft Bijli Yojana amounting to about:
Show answer
Correct answer: D — ₹10,907 crore
PIB: as of September 2025, PSBs had sanctioned over 5.79 lakh loan applications amounting to ₹10,907 crore.
Consider the following statements about the model loan scheme under PM Surya Ghar Muft Bijli Yojana: 1. It offers collateral-free loans of up to ₹2 lakh. 2. It provides a 12-month moratorium from disbursement. Which of the statements given above is/are correct?
Show answer
Correct answer: A — 1 only
Only 1 is correct. PIB: the model loan scheme offers loans up to ₹2 lakh without collateral and a 6-month moratorium period from disbursement.