ADB Approves USD 850 Million Loan to Accelerate Rooftop Solar under PM Surya Ghar Yojana

1 August 2026National

In July 2026, the Asian Development Bank (ADB) approved an USD 850 million loan to support the Government of India's Prime Minister Surya Ghar: Muft Bijli Yojana (PMSG-MBY) by accelerating rooftop solar adoption. This is Subprogram 2 of the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program, building on Subprogram 1 (approved November 2025). The financing will help India achieve its target of 30 GW cumulative rooftop solar capacity by FY27, reduce 28.8 million tonnes of CO2-equivalent emissions, and expand affordable solar access.

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ADB HQ: Manila, Philippines; President: Masato Kanda; est. 1966 | PM Surya Ghar Yojana launched: Feb 2024 | Nodal ministry: MNRE

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The ADB approved an USD 850 million loan (Subprogram 2) to scale up rooftop solar under PM Surya Ghar: Muft Bijli Yojana, supporting India's 30 GW rooftop-solar target by FY27.

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