PM Kusum Yojana Subsidy:- PM-KUSUM In order to support India’s commitment to increasing the installed capacity of electric power from non-fossil sources to 40% by 2030 as part of Intended. Nationally Determined Contributions (INDCs), the Yojana Subsidy (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) Scheme at mnre.gov.in aims to provide farmers in India with energy security.
PM Kusum Yojana is a government initiative aimed at providing subsidies for the installation of solar pumps and other renewable energy-based solutions in rural areas. The scheme aims to promote the use of clean and sustainable energy sources, reduce dependency on traditional fossil fuels, and improve the livelihoods of farmers by providing them with affordable and reliable power for irrigation and other agricultural needs. Under the PM Kusum Yojana, eligible farmers can receive financial support to install solar pumps, which can significantly reduce their electricity bills and contribute to environmental conservation.
PM Kusum Yojana Subsidy
PM-KUSUM The official approval for Yojana arrived in March 2019, and the program’s guidelines were prepared in July 2019. This initiative was started by the Ministry of New and Renewable Energy (MNRE) to put solar pumps and other renewable power plants all across the nation.
Under the PM KUSUM Yojana, farmers, farmer groups, panchayats, and cooperative societies can all submit applications to build solar pumps. The total cost of the scheme includes three portions where farmers will receive help from the government. Farmers will get a 60% government subsidy, with government loans covering the remaining 30%. Only farmer donations will cover 10% of the project’s overall cost. Farmers could sell the electricity generated by solar panels. A new business might be launched using the money made by selling power.
PM Kusum Yojana Subsidy Details
| Scheme Name | PM Kusum Yojana Subsidy: Advantages, Components, Eligibility, @mnre.gov.in |
| Launched by | Former Finance Minister– Arun Jaitley |
| Observed under | Ministry of Agriculture & Energy |
| Beneficiaries | Country farmers |
| Major Benefit | Providing Solar irrigation pump |
| Scheme Objective | Discounted solar irrigation pumps |
| Scheme under | State Government |
| Location | Pan India |
| Central and State Government | 60% subsidy |
| Banks | 30% as loans to farmers |
| Farmers | 10% of the actual cost |
| Category | Govt. Scheme |
| Official Site | @mnre.gov.in |
| Homepage | Check Here |
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Advantages Of The KUSUM Program
The Pradhan Mantri KUSUM Yojana has the following benefits:
- The 28,250 MW total install capacity of the solar power plants the Indian government construct.
- Due to the government’s 60% subsidy and 30% loan, farmers will only be responsible for 10% of the entire cost of building solar plants and pumps.
- In accordance with the requirements of the PM Kusum Yojana Subsidy, the government will provide subsidies to help with the installation of cutting-edge solar pumps. The solar pumps’ 720 MV capacity will improve irrigation. By selling extra electricity generate by their plants to the government directly, farmers can use this technique to boost their income.
- Installing solar power systems on barren, uncultivat land can assist rural landowners in generating a consistent income.
- Solar power plants will be erect on sites that can support cultivation and are at least a specific height. After installation, farmers can continue growing the plants using this technique.
- By encouraging the use of renewable energy, the PM KUSUM Scheme helps to reduce pollution on farms and encourages ecologically responsible activities.
Three Components of PM-KUSUM Yojana
Component A
- Workers will build 10,000 MW worth of decentralize, grid-connect renewable energy power plants on vacant land under this idea.
- Farmers, cooperatives, groups of farmers, panchayats, Water User Associations (WUA), and Farmer Producer Organizations (FPO) will build these networks.
- The sub-station will be surround by 5 kilometers of power projects.
” B
- Under this initiative, farmers will receive support for the 17.50 lakh rupee solo solar agricultural pump installation.
- The new pumps may replace the existing diesel farm pumps with their 7.5 HP of power.
- Even if the capacity may be larger, only 5 HP will be given financial support.
” C
- As part of this program, the 10 lakh agricultural pumps that are now link to the grid will be solarize, and the individual farmers who own these pumps will get assistance during the conversion process.
- A predetermine price would be paid by Distribution Companies of India (DISCOMs) for extrasolar energy.
- Farmers’ irrigation demands will be satisfied by the solar power generate.
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KUSUM Scheme Eligibility Criteria
The KUSUM Scheme is available to the following groups:
- An individual farmer
- Farmer producer organization or FPO
- Panchayat
- A group of farmers
- Water User Associations
- Co-operatives
PM KUSUM Yojana Subsidy Beneficiary
The program’s goal is to provide rural landowners or farmers with a 25-year stream of consistent revenue. It will effectively utilize the untamed or desert land. On cultivate ground, solar panels are install at a height that doesn’t obstruct cultivation. Due to the projects’ near proximity to sub-stations, there is little transmission loss to DISCOMS and a reliable daytime power supply to the agricultural districts. Another situation where the economy and environment benefit is when farmers are assist in weaning themselves off of using diesel.
In order to increase farmer income and reduce their too dependency on fuel, the KUSUM plan was established. The strategy calls for producing renewable energy on fertile land and barren terrain in rural areas. The State and Central governments’ financial support keeps the financial strain on farmers to a minimal. The rural economy and farmers’ financial situations might both benefit considerably from the PM Kusum Yojana Subsidy.
How To Apply PM Kusum Yojana Subsidy Online?
- To register or submit an application, go to the KUSUM Yojana’s official website at https://mnre.gov.in/.
- Apply for PM Kusum Yojana Subsidy by filling out the form.
- Upload each and every document.
- The PM Kusum Yojana registration process can begin as soon as the application and supporting paperwork have been receive.
- After registering, you can visit the MNRE’s official website to get the MNRE certificate. Instead, applicants can complete a loan application and submit it, together with the require supporting documents, as state by the bank or lender, to the nearest bank that provides loans through this program.
What you need to know about the PM KUSUM Yojana Subsidy is provide here. Please leave your questions in the comments section below if you have any.
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Conclusion
PM Kusum Yojana subsidy is a government initiative aimed at promoting the use of solar energy in agriculture. Under this scheme, farmers are provided with financial incentives to install solar panels and generate electricity for irrigation purposes. The subsidy covers a significant portion of the cost of setting up solar pumps, ensuring that farmers can access clean and affordable energy to power their agricultural activities. This not only reduces their reliance on traditional sources of energy but also helps in conserving the environment by reducing carbon emissions. The PM Kusum Yojana subsidy has been instrumental in empowering farmers and promoting sustainable farming practices across the country.
PM Kusum Yojana Subsidy FAQ’S
Is PM Kusum profitable?
The PM Kusum Scheme is advantageous to farmers since it provides them with major benefits. Selling the excess electricity generate by the solar networks on their land will offer a steady cash flow, and they will be able to put their barren land to good use.
How much does 0.25 MW solar power plant cost?
A SPP can be as low as 0.25MW and can be start with an investment of as low as 200 lacs.
What is the cost of 50 megawatt solar power plant?
Total expenditure of 253.78 Cr has been incur till May’2021 against the estimate cost of Rs. 275 Cr. 50 MW Solar Power Plant generate 17.35 MU in F.Y 2020-21.
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