• The World Bank will mobilise $4.2 billion in private financing through commercial loans to support household rooftop solar installations.

• The World Bank has approved an $890 million financing package to accelerate India’s rooftop solar programme under the PM Surya Ghar: Muft Bijli Yojana.

• The PM Surya Ghar scheme has already achieved 4 million rooftop solar installations across India.

• The programme aims to create 1.7 million jobs across renewable energy manufacturing, installation, and services.

• The financing will provide collateral-free loans to households, making rooftop solar systems more affordable and reducing monthly electricity bills.

• The initiative will also strengthen the capacity of distribution companies (DISCOMs), banks, and solar vendors to support wider adoption.

• The government is currently targeting 7.5 million rooftop solar installations by December 2026, with over 6.5 million applications already in the pipeline.

• The World Bank has supported India’s rooftop solar sector for over a decade, helping expand installed capacity from 500 MW to over 27 GW.

• The initiative supports India’s clean energy goals, including achieving net-zero emissions by 2070 and increasing non-fossil fuel-based electricity generation to 60% by 2035.