Recently, how much funding has the government approved for the installation of solar plants under the ‘PM-Surya Ghar: Muft Bijli Yojana’?

The Union Cabinet, led by Prime Minister Narendra Modi, approved the PM-Surya Ghar: Muft Bijli Yojana on February 29, 2024, with a total outlay of Rs 75,021 crore. The scheme aims to install rooftop solar panels in one crore households and provide free electricity of up to 300 units per month. The scheme also includes: A one-time budgetary support of Rs 150 crore for five years until 2027-28, a central financial assistance of 60% of the system cost for 2 kW systems and 40% of the additional system cost for systems between 2 to 3 kW capacity and a subsidy of Rs 30,000 to Rs 60,000 for an average monthly electricity consumption of 0-150 units, Rs 60,000 to Rs 78,000 for 150-300 units, and Rs 78,000 for more than 300 unit.