The Punjab government has announced a significant update to its solar panel loan program under the Roshan Gharana Scheme. Moving forward, loans for solar panel installations will only be available to individuals who are active tax filers. This new condition, introduced by the Energy Department, aims to streamline the loan process and ensure financial accountability.
Key Highlights of the New Condition:
- Tax Filer Requirement:
- The new stipulation requires all borrowers seeking solar panel loans to be active taxpayers.
- This condition applies specifically to consumers using between 201 and 500 units of electricity.
- Exemption for Low Usage Consumers:
- Consumers utilizing up to 200 units of electricity are exempt from the tax filer requirement, making it easier for low usage households to access the loans.
- Loan Details:
- The Roshan Gharana Scheme offers loans with a convenient repayment period of five years, making the transition to solar energy more affordable for consumers.
Punjab Chief Minister Maryam Nawaz is expected to approve the Roshan Gharana scheme in a special meeting today. This initiative is part of the government’s broader effort to promote renewable energy adoption across the province, making it easier for consumers to install solar panels through accessible bank loans.
The introduction of the tax filer condition underscores the government’s commitment to ensuring financial transparency and responsibility among loan recipients. This move is anticipated to boost the adoption of solar energy, contributing to a greener and more sustainable Punjab.
Stay tuned for more updates on the approval and implementation of the Roshan Gharana Scheme.
For further information and to see if you qualify for a solar panel loan under this new scheme, visit the official Punjab government website.
