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Recently, the PM announced ‘PM Surya Ghar: Muft Bijli Yojana’ to boost solar power.

What Is PM Surya Ghar Yojana (Muft Bijli Yojana)?

• PM Surya Ghar Scheme is an initiative launched by the Govt of India to provide free electricity connections to households through the installation of solar power systems. 
• The scheme aims to: 
• • Provide up to 300 units of free electricity per month to 1 crore households through rooftop solar installations.
• Investment Cost of the Scheme: Rs 75,000 crore.

Features Of PM Surya Ghar Yojana

• No cost burden on the people: From substantive subsidies, which will be given directly to people’s bank accounts, to heavily concessional bank loans, the Central govt will ensure that there is no cost burden on the people.
• National Online Portal: All stakeholders will be integrated to a National Online Portal which will further convenience.
• Promoting Rooftop Solar Systems: To popularise the scheme at the grassroots, Urban local bodies and Panchayats shall be incentivized to promote rooftop solar systems in their jurisdiction.
• More Income, Lesser Power Bills: Looking at its sustainability the scheme will lead to more income, lesser power bills, and employment generation for people.

Significance Of PM Surya Ghar Yojana

• Market Growth: Boosts the Indian solar industry, leading to more competitive pricing and technological advancements.
• Energy Access: Provides reliable electricity to households, especially in areas with grid instability.
• Increased Quality of Life: Increased access to electricity empowers individuals and communities, facilitating education, healthcare, and economic activities.
• Reduced Air Pollution: Lower dependence on coal-fired power plants improves air quality, benefiting public health.
• Promotes Renewable Energy: Reduces reliance on fossil fuels, mitigating greenhouse gas emissions and combating climate change.

News Source: BS and PM India