Nowadays more and more devices and appliances are operated with electricity, thus the electrical crisis is increasing exponentially day by day. In order to avoid the occurrence of electricity crisis, various power generation resources are used at the utility side to enhance the power generation to meet the consumers' demand for electricity. Hence, a suitable control scheme has to be implemented at the microgrid to reduce the electrical fluctuation, power loss and manage the power quality. The Adaptive Proportional Integral Voltage Controller (APIVC) and hysteresis current controller (HCC) are integrated to enhance the quality of power generated. The electrical fluctuation is reduced by the proposed efficient hybrid parallel source controller model for DC Microgrid. The proposed model exerts decentralized control, which is an advanced droop control where communication is not required. The outer voltage control loop and inner current control loop provide faster control to maintain the grid voltage constant. The grid voltage is set as the reference value and the actual value is sensed to generate error value, which sets the reference value of current. The error signal is processed to provide switching signals for the converters. The performance analysis and simulation results show that the proposed mechanism performed better than the conventional methods such as Hysteresis Band Current Controller (HBCC) with Pulse Width Modulation (PWM) and Proportional Integral Voltage Controller (PIVC) with Hysteresis Current Controller (HCC), in terms of the electrical fluctuation, power loss and manage the power quality in the microgrid.