The World Bank has approved an $890 million financing package to support the implementation of India’s PM Surya Ghar: Muft Bijli Yojana, which targets rooftop solar installations across 10 million rural and urban households in India.
The package includes an $820 million loan from the International Bank for Reconstruction and Development (IBRD), a $60 million concessional loan from the Clean Technology Fund, and a $10 million grant from the IBRD’s Livable Planet Fund. Additionally, the World Bank will mobilise $4.2 billion in private financing through commercial loans to facilitate rooftop solar installations by households.