Everyone want to install rooftop solar panel on their home to utilise solar energy. But Installation cost as well as primary cost of the solar panel is to high that’s why everyone are not able to install and utilise free electricity. That’s why Government launched new scheme called Pradhan Mantri Surya Ghar Muft Bijli Yojana (PM-SGMBY).
By applying for the PM Surya Ghar Yojana eligible applicant able to receive subsidy amount and decrease the cost of solar panels for them. But not everyone is eligible for the free electricity scheme. Here we described full eligibility conditions, by reading it you can deside at your own way.
Headings
Who are not eligible for PM Surya Ghar Yojana?
Here are the some points mentioned for checking the eligibility criteria for PM’s Muft Bijli Yojana.
- NRI Applicant:- Those who are living out of the India are not eligible to avail subsidy benefits from PM Surya Ghar Yojana. Also those who are basically from India but currently not live in India but their property is still in India also not eligible. In one word, applicant must have Indian valid proof then and then they are eligible.
- House without Roof:- Those families are living in India but they don’t have own house or we can say they have no rights on the roof of their house are not eligible for the scheme. In some cases those who live in apartment or flats also not eligible if they don’t have the ownership on the Roof of their building.
- No Electricity Connection:- In some cases households has no regular electricity connection from the discoms are also not eligible. While in some cases electricity meter connection being jointly in which one household want to install another is not agree and required space not available on their rooftop then they also not eligible for the Pradhanmantri Surya Ghar Yojana.
- Existing Beneficiaries:- Those applicant who already received solar panel subsidy benefits earlier from the government are not able to apply again for Rooftop Solar Subsidy under Pm Surya Ghar Scheme.
- Economic Conditions:- Those who are coming from LIGs (Low Income Groups) or MIGs (Medium Income Groups) are only eligible for the scheme.
- Off Grid System Beneficiaries:- As per the internet data, those who want to install Off-grid solar panel system are not eligible to avail the PM Surya Ghar Yojana Subsidy benefits.
- Post Applied Applicant:- It means central govt decide to provide solar subsidy to 1 crore (10 million) households. So, if you applied for subsidy on RTS after the target then you will automatically ineligible for the solar scheme. That’s why speed up your application through take action today!
Is Solar Loan available for all eligible beneficiaries?
No, but majority solar loan provider banks and other financial companies mentioned on the PM Surya Ghar Website saying that those who are eligible for PM Surya Ghar Yojana are also eligible to take a bank loan for the installation of solar panel system with banks own criteria too.
It means if you are eligible for the scheme then 50% you are eligible for the solar loan. But in some cases banks check the defaulter status as well as CIBIL Score of the applicant too.
Future Aspects – Is it beneficial to install subsidised solar panel now?
Yes, of course why not. If you take benefits of PM Surya Ghar Free Electricity Subsidy benefits then you can recover your Installation cost of solar panel within maximum 5 years. As per the internet data, solar panel will sustain up to 20 to 25 years. It means remaining 15 to 20 years you can take benefits of free electricity. That’s why it is beneficial for the households to install solar panel with the help of the new rooftop solar panel scheme.
Conclusion
By reading this article you can decide at your own way either you are eligible or not. If you found as eligible then please apply online for the scheme as soon as possible. If you want to receive free updates about the scheme please bookmark home page of PM Surya Ghar Yojana website.
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