Tata Power Renewable Energy Limited (TPREL) has collaborated with Canara Bank to promote rooftop solar adoption under the PM Surya Ghar Scheme. For systems up to 3 kW capacity, loans of up to Rs 200,000 are available with a 10 per cent margin, no collateral, a 7 per cent annual interest rate, and a 10-year tenure. For systems between 3 kW and 10 kW, loans up to Rs 600,000 are offered with a 20 per…
The PM Surya Ghar: Muft Bijli Yojana (PMSGMBY) has achieved 630,000 rooftop solar installations, averaging 70,000 installations per month. The initiative aims to surpass 1 million installations by March 2025 and reach 10 million by 2027. Key states such as Gujarat, Maharashtra, Kerala, and Uttar Pradesh have shown significant progress due to robust infrastructure and effective coordination. Early resolution of challenges like load enhancements and regulatory approvals has ensured smooth implementation. By November 2024, Rs…