Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance

The *PM Surya Ghar: Muft Bijli Yojana*, launched in February 2024, has emerged as a transformative initiative under the Ministry of New and Renewable Energy, benefiting over 48 lakh households across rural and urban India by enabling rooftop solar installations. The scheme, which operates on a demand-driven model, allows residential consumers with grid-connected connections to apply via the national portal (www.pmsuryaghar.gov.in), reducing electricity bills significantly. As of July 22, 2026, nearly 39.72 lakh rooftop solar systems with a cumulative capacity of 6.7 GW have been installed, directly impacting 48.02 lakh families—including 18.93 lakh who have reported zero electricity bills in certain billing cycles due to self-consumption of solar power. This initiative aligns with India’s broader sustainability goals, reducing dependency on conventional energy sources while promoting financial inclusion, a key theme often tested in banking and government exams.

For aspirants preparing for Bank PO, IBPS, SBI, RBI Grade B, and SSC examinations, this scheme holds relevance in multiple domains. In banking exams, questions may arise on the financial implications of such schemes, such as subsidies, loan disbursements for solar installations, or the role of DISCOMs in facilitating these systems. For SSC and RBI Grade B aspirants, the policy reflects government priorities in renewable energy, climate action, and rural development, often featured in sections on governance, economic policies, or environmental sustainability. Understanding the scheme’s structure, eligibility, and impact on energy access and financial savings can provide a competitive edge in analyzing current affairs-based questions in these examinations.

Source: PIB (Press Information Bureau)

Generated by AanyaAi for educational purpose.