PM Suryoday Yojana introduces loans for rooftop solar at affordable interest rates. 

Aim to install rooftop solar panels on one crore households, offering 300 units of free electricity and up to 60% subsidy for installations up to 2 kilowatts. 

Loans for rooftop solar will be provided at interest rates slightly above the repo rate, with a spread of half a percentage point. 

Negative implications for IREDA, PFC, and REC due to the scheme, which was initially anticipated to open up a significant business opportunity for them. 

Concerns raised regarding the feasibility of lending at rates above the repo rate and the potential financial repercussions for lending institutions. 

Government's promise to provide loans at repo rates might not be realized practically, impacting the lending process. 

The strategy may result in losses for lending institutions, as lending at a spread above the repo rate might not yield the expected margins. 

Uncertainty regarding how the additional costs incurred due to lending at rates above the repo rate will be covered. 

The scheme seems favorable for companies involved in the installation of rooftop solar panels, as cheaper loans might incentivize more installations. 

However, the source of additional funds to cover the increased lending costs remains unclear, posing challenges for both businesses and the government.