Product Features of Pragathi Rooftop Solar (PRTS) – PM Surya Ghar Yojana (PMSGY)
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Scheme Parameters |
Product-1 |
Product-2 |
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Product |
Pragathi Rooftop Solar (PRTS)- PM Surya Ghar Yojana (PMSGY) (PRTS PMSGY – upto 3kW) |
Pragathi Rooftop Solar (PRTS)- PM Surya Ghar Yojana (PMSGY) (PRTS PMSGY – above 3kW to 10kW) |
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Purpose |
Installation of Solar Roof Top Upto 3 KW |
Installation of Solar Roof Top more than 3 KW and upto 10 KW |
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Eligibility
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ü All Individuals are eligible under the subject scheme.
ü Age: Minimum entry age 18 years & Maximum entry Age 65 years. ü The applicant shall have Roof Top Rights on which the installation is proposed and roof shall have the sufficient area as mandated by MNRE from time to time. ü The latest electricity bill in applicant’s name and regular payment of the electricity bill by the applicant. |
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Quantum |
Maximum upto Rs.2.00 lakh |
Maximum upto Rs.6.00 lakh |
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Margin |
Minimum 10% of total project cost |
Minimum 20% of total project cost |
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Net Annual Income/NTH |
No minimum Annual Income |
Minimum Annual Income of Rs. 3.00 Lakhs. |
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Repayment |
Maximum 120 months (inclusive of Moratorium period) |
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Security |
Hypothecation of the equipment to be purchased out of the loan component. |
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Rate of Interest |
10.00 % (Fixed) |
10.00 % (Fixed) |
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Proc. fees & service charges |
NIL |
NIL |
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Disbursement |
Loan amount along with the applicable margin shall be directly disbursed to the Vendor/EPC Contractor after execution of all required loan documents. |
Loan amount along with the applicable margin shall be directly disbursed to the Vendor/EPC Contractor after execution of all required loan documents. |
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Subsidy |
The subsidy shall be claimed by the borrower (Loan account number to be provided to MNRE for credit of subsidy amount). |
The subsidy shall be claimed by the borrower (Loan account number to be provided to MNRE for credit of subsidy amount). |
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Other Covenants |
Ø All applications are to be first registered at https://pmsuryaghar.gov.in and after successful registration, loan is to be applied through https://www.jansamarth.in Ø Insurance of Assets financed through Bank Loan NOT mandatory for Roof Top Solar capacity between 1 KW to 3 KW. Ø Asset to be insured for the total cost of installation for capacity more than 3 KW. Cost of the insurance to be borne by the customer.
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Link for loan application |
To apply register at https://pmsuryaghar.gov.in After successful registration, please apply at https://www.jansamarth.in |
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