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flag Indian banks approved over 579,000 solar loans worth $1.3 billion under a government scheme by September 2025.

flag As of September 2025, Indian public sector banks have sanctioned over 5.79 lakh loans worth Rs 10,907 crore under the PM Surya Ghar Muft Bijli Yojana, a government initiative to expand rooftop solar adoption. flag The scheme provides collateral-free, low-interest loans through digital platforms like JanSamarth Portal, integrated with pmsuryaghar.gov.in, enabling streamlined applications and faster approvals. flag Enhanced eligibility, simplified documentation, and flexible repayment terms support household solar adoption, with oversight by State Level Bankers Committees and Lead District Managers to boost implementation and outreach across India.

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