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What is PM Surya Ghar Muft Bijli Yojana
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Who is eligible to apply for SBI PM Surya Ghar Muft Bijli Yojana
The applicant must be an Indian citizen.
Must own a house with a roof that is suitable for installing solar panels.
The household must have a valid electricity connection.
The household must not have availed of any other subsidy for solar panels.
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Is there any minimum income criteria to avail this loan?
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How much loan amount is available in SBI Surya Ghar Scheme?
Installation of Solar Roof Top of more than 3 KW and up to 10 KW capacity: RS Rs. 6,00,000
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How much margin money I have to bring for availing loan?
(b) Minimum 20% of the project cost – For installation of solar roof top of more than 3 KW & up to 10 KW capacity.
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What is the rate of interest in this scheme?
(a) 7% p.a. , if loan is for installation of Solar roof top of up to 3 KW capacity.
(b) 10.15% p.a. , if loan is for more than 3 KW and up to 10 KW capacity.
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Up to what age, I can avail loan under SBI Surya Ghar Scheme?
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Which documents are required by the Bank to apply for loan?
(b) If loan is applied for solar rooftop capacity of more than 3KW to up to 10 KW, in addition to identification proof, address proof, income documents along with bank statement is also required. For salaried person last 2 years form 16 is required and for self-employed applicants Income tax return of last 2 years is required.
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Is PAN / IT Return /Form 60 mandatory for availing this loan?
However, in cases of loan for installation of solar roof top of more than 3 KW & up to 10 KW capacity, it is mandatory .
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