MNRE Plans Second Phase of PM Surya Ghar by March 2027
MNRE is targeting March 2027 for the second phase of PM Surya Ghar and exploring customised insurance products to improve the bankability of rooftop solar projects, said Joint Secretary JVN Subramanyam at the BRE Summit and Expo 2026.
November 03, 2026. By Mrinmoy Dey
Speaking at the Bharat Renewable Energy Summit and Expo (BRE Expo) 2026 in New Delhi, JVN Subramanyam, Joint Secretary, MNRE, said that the discussions and recommendations emerging from the ongoing industry deliberations would contribute to the policy framework for the scheme's next phase.
He indicated that the second phase of PM Surya Ghar would probably commence in March next year, adding that stakeholder consultations would help shape its implementation roadmap.
A key focus of the ministry is to improve the bankability of small-scale distributed renewable energy projects by addressing concerns around asset insurance and financial risk. Subramanyam said that MNRE was in discussions with insurance companies to develop specific insurance products that could provide greater confidence to lenders and investors financing rooftop solar installations.
He pointed out that insuring individual rooftop solar systems, particularly smaller residential installations, could involve high costs. For a standard 3 kW residential rooftop solar system, the standalone insurance premium could make the asset financially unattractive for lenders.
According to him, aggregating such installations could help address the cost challenge and create an effective risk-cover mechanism. The ministry is therefore looking at establishing a trust layer through customised insurance products to improve the financial viability of these assets.
Subramanyam also highlighted the need for greater coordination among policymakers, distribution companies (DISCOMs) and financial institutions to accelerate financing for distributed renewable energy projects.
He stressed that stakeholders need to develop a common definition of distributed renewable energy assets to ensure consistency in assessing project risks and determining financing requirements.
While programmes such as PM Surya Ghar and PM-KUSUM are expanding distributed solar deployment across residential and agricultural segments, establishing a standardised policy and financial framework will be important to attract further institutional lending.
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