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Indian banks approved over 579,000 solar loans worth $1.3 billion under a government scheme by September 2025.
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.
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.
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.
Los bancos indios aprobaron más de 579.000 préstamos solares por valor de $ 1.3 mil millones bajo un esquema gubernamental para septiembre de 2025.