Of 5.15 lakh registration for PM-Surya Ghar, 1.17 lakh applications accepted: says BESCOM official

BESCOM's MD, Mahantesh Bilagi, announced that out of 5.15 lakh Bengaluru registrations for the 'PM-Surya Ghar' scheme, 1.17 lakh were accepted. A workshop addressed implementation hurdles, including loan access for applicants over 65 and apartment complexes. The scheme aims to provide free electricity to 10 million households, achieving 6.3 lakh installations within nine months of its February 2024 launch.

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Of the 5.15 lakh registrations to 'PM-Surya Ghar: Muft Bijli Yojana' scheme from Bengaluru , 1.17 lakh applicants have been accepted, said Bangalore Electricity Supply Company (BESCOM) Managing Director Mahantesh Bilagi.

Bilagi shared this information at a workshop organised by BESCOM to encourage the adoption of the central government scheme. The workshop, held on December 7 at Karnataka Power Transmission Corporation Ltd (KPTCL), saw the representatives of Resident Welfare Associations (RWAs) from across the city, Bangalore Apartments' Federation (BAF) as well as solar rooftop vendors and other stakeholders discuss the various hurdles faced while executing the scheme. "We want to promote the use of solar energy in households across the state, thereby reducing our dependence on conventional energy sources and contributing to our national renewable energy targets ," added Bilagi.



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Answering a question, the SLBC representatives said the banks have fixed the age limit at 65 years for availing loans under the scheme. But he clarified that a consumer above 65 years old can avail the loan by adding family members as co-borrowers. SLBC representatives also assured those gathered that banks will not ask for any collateral security to avail the loan.

However, BAF representatives pointed out that the banks categorised the apartment complexes seeking loans as MSMEs, although they are not. SLBC representatives said they were forced to do that as the Ministry of New and Renewable Energy (MNRE) has not issued specific guidelines so far to lending to apartment complexes as a whole. According to Bilagi, with a total outlay of Rs 750 billion for a period until 2025-26, 'PM-Surya Ghar: Muft Bijli Yojana' aims to provide free electricity up to 300 units monthly to 10 million households across the country.

He added that the scheme received an overwhelming response, with over 10 million registrations within a month of its launch in February 2024 and 6.3 lakh installations have been completed in nine months. Nominations for ET MSME Awards are now open.

The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. (You can now subscribe to our Economic Times WhatsApp channel ).