The Gruha Jyothi scheme, initiated by the government of Karnataka and implemented by the Karnataka Renewable Energy Development Agency (KREDA), aims to provide financial assistance to low-income households in rural areas for the installation of solar home lighting systems. Launched in 2017, the scheme offers several benefits and has specific eligibility criteria. Here are the key details:
Loan and Interest Rate:
Eligible households can obtain a loan of up to ₹15,000.
The loan comes with an annual interest rate of 6%.
Repayment of the loan is spread over a period of 5 years.
The household should be located in a rural area of Karnataka.
The monthly income of the household should be less than ₹10,000.
The household should not have any outstanding loans from KREDA.
Benefits of the Gruha Jyothi Scheme:
Reduced reliance on polluting fuels like kerosene.
Improved indoor air quality.
Enhanced access to lighting during nighttime.
Decreased financial burden on low-income households.
The scheme is open to all households that meet the eligibility criteria.
The loan amount can be utilized to purchase a solar home lighting system, which typically includes a solar panel, battery, and lights.
Repayment of the loan is done through equal monthly installments over a 5-year period.
The interest rate on the loan is 6% per annum.
If you are interested in applying for the Gruha Jyothi scheme, you can visit the KREDA website to gather more information about the scheme and begin the application process.