PM Kusum Scheme

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Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) Yojana launched on March 2019 by the Government of India to increase the income of farmers and provide sources for irrigation and de-dieselisation the agricultural sector. [1] [2] The PM-Kusum scheme approved in March 2019 and guidelines were prepared in July 2019 by the Ministry of New and Renewable Energy (MNRE) for setting up solar pumps and other new power plants across the country.

Objective

The PM-KUSUM scheme of the Government of India is one of the largest initiatives in the world to provide clean energy to more than 3.5 million farmers by solarising their agriculture pumps and allowing farmers to up 10 GW distributed solar projects. The scheme plans to set up 30.8 GW of solar capacity by December 31, 2022, through the financial assistance of INR 340.35 billion (US$4.65 billion).

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Government of India

The scheme is divided into three components. which are discussed further. [3] [4]

All components of the KUSUM Scheme combined would support the installation of the additional solar capacity of 30.80 GW. [5]

Under Kusum Yojana, a group of farmers, panchayats, cooperatives can apply to install solar pumps. The total cost included in this scheme is divided into three categories in which the government will help the farmers. [6] The government will provide 60% subsidy to the farmers and 30% of the cost will be given by the government in the form of a loan. Farmers will only have to pay 10% of the total cost of the project. Farmers can sell electricity generated from solar panels. The money received after selling electricity can be used to start a new business. [7] [8]

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References

  1. "Budget 2020: Major focus on PM KUSUM scheme to help farmers generate income from solar power - ET EnergyWorld". ETEnergyworld.com.
  2. "Budget 2020: Govt expands PM KUSUM scheme for solar pumps, targets to cover 20 lakh farmers" via The Economic Times.
  3. Mishra, Richa. "PM-KUSUM will shine when implemented fully". @businessline.
  4. "Govt. expands scope of PM-KUSUM for harnessing solar energy by farmers". November 13, 2020 via www.thehindu.com.
  5. "Pradhanmantri Kusum Yojana Ghatak B | प्रधानमंत्री कुसुम योजना : दिवसाच्या मोफत वीजेमुळे शाश्वत सिंचनाची सोय" . Retrieved 2023-06-22.
  6. "PM KUSUM SCHEME 70 PERCENT GOVERNMENT SUBSIDY OFFERED FOR INSTALLING SOLAR PUMPS". pib.gov.in.
  7. "Gujarat announces new solar policy | Ahmedabad News - Times of India". The Times of India.
  8. "Maharashtra Cabinet: Final nod to PM's solar pump scheme on hold". January 14, 2021.