PM Surya Ghar Yojana: 2-year performance report

• ▸Executive scorecard. Performance rated across consumer, DISCOM, manufacturing and scheme objectives.
• ▸The hits. 30 lakh installations, a 10x jump in installation pace, 7.71 lakh zero-bill homes, the manufacturing boom and the Gujarat model.
• ▸The misses. 38% loan rejections, 77% funnel leakage, portal glitches, inactive vendors and higher post-installation bills.
• ▸DISCOM analysis. Revenue impact, performance scorecards, the duck-curve challenge and the models that worked in Kerala, Gujarat and Varanasi.
• ▸Atmanirbhar Bharat. The solar value chain from polysilicon to modules, domestic versus imported capacity.
• ▸Strategic recommendations. Fixes for DISCOM bottlenecks, loan access and vendor quality, and how to reach the 1 crore target.

• ▸Installation pace rose about 10x, from roughly 7,000 a month before the scheme to more than 70,000 a month after it.
• ▸7.71 lakh households now pay no electricity bill, 45% of all tracked beneficiaries.
• ▸Module manufacturing capacity grew from 2.3 GW in 2014 to 144 GW in 2026.
• ▸Gujarat converted more than 65% of registrations, the national benchmark.
• ▸Public-sector banks rejected 38% of loan applications (3.05 lakh of 8.03 lakh) without standard procedures.
• ▸Only 22 to 23 of every 100 registrations became installations, a 77% funnel leakage.
• ▸Approvals took 45 to 180 days against a 30-day mandate, driven by DISCOM queues.
• ▸In Uttar Pradesh, 470 of 1,737 empanelled vendors (27%) had no installations.

Prepared by GRX10 Research using data from PIB, MNRE, IEEFA, TERI, Mercom India, company filings, parliamentary records and investigative journalism. This is independent research analysis, not investment advice.

Disclaimer: GRX10 Solutions Private Limited makes no warranties regarding the accuracy, completeness or reliability of the data in this report. All data comes from publicly available third-party sources and is presented for information only.