This paper proposes a standalone PV fed hybrid power converter for rural home applications. The aim of the proposed system is to simultaneously deliver the power extracted from PV panels to DC and AC home loads using the proposed hybrid converter topology. The system operates in either MPP or Non-MPP mode depending on the total power demanded by the loads. Modified Perturb and Observe (PO) MPPT algorithm is used to extract maximum power from PV panels. SPWM based modified PWM technique is used for converter operation. In the MPP mode the power distribution to DC load and AC load is in accordance with the duty generated by modified MPPT. In Non MPP mode, power distribution is in accordance with the duty generated by the single loop voltage control for DC load. The simulation studies for the proposed system are carried out in MATLAB/SIMULINK environment. © 2019 The Korean Institute of Power Electronics (KIPE).