Tripura Power Minister Ratan Lal Nath on Sunday highlighted the state's growing focus on solar energy under the Pradhan Mantri Surya Ghar Muft Bijli Yojana (PMSGMBY).
The scheme offers collateral-free loans of up to Rs 2 lakhs at a marginal interest rate of 6.75 per cent through 12 public sector banks. So far over 3.10 lakh loan applications have been received by banks and over 1.58 lakh sanctioned. Loans under the scheme are disbursed to over 1.28 lakh a
Launched by Prime Minister Narendra Modi on February 13, 2024, the scheme aims to provide solar-powered electricity to one crore households by March 2027, making renewable energy more accessible and affordable through subsidies.