Pm Kusum Yojana Farmers get Benefit of up to 90% Subsidy on Solar Pump

Pm Kusum Yojana The PM Kusum Yojana, which provides financial assistance to farmers for the installation of solar pumps in their fields, was launched by the government to address the issues farmers are facing in the agricultural sector. Under this program, the government provides a 90% subsidy on solar pumps of 2–5 horsepower. The goal of the central government is to provide 35 lakh farmers with the advantages of the PM Kusum Yojana.

What is PM Kusum Solar Subsidy Yojana 2024?

Solar Subsidy for PM Kusum A program called Yojana offers solar pumps for farm irrigation at a reduced cost. The bank will provide a credit for 30% of the entire cost, while farmers will receive solar pumps at a 60% subsidy. Consequently, the recipient farmer will only be required to cover 10% of the solar pump's overall cost. 

The government's initial goal is to convert 17.5 lakh of these diesel and gasoline-powered pumps to solar pumps. Pumps that are powered by electricity will thereafter be the focus. The basic goal of this program is to raise farmers' incomes by lowering agricultural expenses and raising farming productivity.

PM Kusum Solar Subsidy Yojana 2024: Overview

Objectives of Pm Kusum Yojana

As you are all aware, India is experiencing drought in many of its states. Agriculture is harmed by drought there. The PM Kusum Yojana was launched by the central government in light of this. The primary objective of the program is to give the nation's farmers free electricity. Solar panels will be given to farmers as part of this program so they can conveniently water their farms. Farmers will benefit twice as much from this straightforward plan by 2024. Second, feed more electricity produced by farmers into the grid. They will therefore likewise bear the expense.

Benefits and Features of PM Kusum Solar Subsidy Yojana

1. Low-cost solar irrigation pumps will be given to farmers.
2. Ten lakh agricultural pumps connected to the grid would be powered by solar energy.
3. In the first phase of Kusum Yojana, 17.5 lakh irrigation pumps will be powered by solar energy by 2024, reducing the need for diesel.
4. Solar energy will power the pumps that irrigate the fields, boosting agricultural output.
5. The plan will produce extra megawatts of electricity.
6. Farmers who install solar panels will only be required to pay 10% of the total cost, with the federal government providing 60% financial help and 30% coming from bank loans.
7. When there is an electrical shortage and the state is experiencing drought, the Kusum program will be helpful.
8. The availability of energy around the clock will make it simple for farmers to water their land.
9. With the help of government or non-government electrical departments, the farmer can sell the excess electricity generated by the solar panel to receive Rs 6000 per month.
10. The plan states that solar panels will be put up on unused property in order to make use of it and create revenue.

Pm Kusum Yojana Registration

Applications for PM Kusum Yojana can be submitted offline or online. The goal of this strategy is to lease the site and establish a solar power plant. RREC will post on its official website a list of all the applicants who have registered to lease out the land. The list of applicants is available on the RREC website, and any person who wishes to lease land for the construction of a solar power plant can apply to set up the plant by getting in touch with the registered applicants.

The online applicant will be given an application ID. In this instance, the candidate ought to preserve the application form printout. Those that apply offline will receive a receipt, which they should keep secure. All essential documentation must be submitted at the time of application.

Eligibility for PM Kusum Solar Pump Subsidy Scheme

• The candidate needs to be an Indian permanent resident.
• For each megawatt, the applicant should own about two hectares of land.
• Should the applicant be establishing the project in partnership with a developer, the developer's net worth ought to equal one crore rupees for each megawatt.

Pm Kusum Yojana Application Fee

Applicants must pay an application fee of ₹5000 per megawatt + GST in order to be considered for solar power plants under this scheme. In the name of the Rajasthan Renewable Energy Corporation's payment managing director, a demand draft will be created. For 0.5 to 2 megawatts, the application price is as follows:

Pm Kusum Yojana Components

The Kusum scheme consists of four such elements.

• Distribution of Solar Pumps: As part of the first phase of the Kusum Yojana, the electricity department will effectively distribute solar-powered pumps in cooperation with central government departments.
• Building of Solar Power Plants: Solar power plants that can generate enough electricity will be established.
• Installation of Tubewell: To generate a specific amount of electricity, the government will construct tubewells.
• Modernisation of Current Pumps: New solar pumps will take the place of the current pumps.

Pm Kusum Yojana Documents

• Aadhar Card
• Ration Card
• Copy of Registration
• Authorization Letter
• Copy of Land Jamabandi
• Mobile Number
• Bank Account
• Passport Size Photo
• Net Worth Certificate issued by Chartered Accountant

PM Kusum Yojana Online Application Process

• Your first step should be to go to the PM Kusum Yojana's official website: https://pmkusum.mnre.gov.in
• Numerous options are available in the menu section on the website's home page.

• By CLICKING on the State Portal Link, you must choose your state from these.
• If you click on your state, a new window will appear.
• The application form for the Solar Pump Subsidy Scheme is available here; you must click on it.
• Carefully fill out the application by providing all the necessary information and attaching the necessary files.
• You then need to click the submit button to print a receipt.
• Your application will then be reviewed, and if everything checks out, your land will be tested.
• Following this, you will only be required to pay 10% of the solar pump's entire cost if you are determined to be eligible.
• The government has developed a distinct PM Kusum Solar Portal for every state if you are unable to locate an application window in this manner. Please use the state portal to apply. 

How to check the status of the Pm Kusum Solar Pump Subsidy Scheme?

• First of all you have to visit the official website of PM Kusum Solar Subsidy Yojana.
• After this, select the state and click on it.
• Further in the menu area you will see an option named Track Application, on which you have to CLICK.
• After CLICKING, you will be asked for the application number and your registered mobile number.
• After entering these two numbers, CLICK on Search.
  As soon as you CLICK, the status of your application will appear on your screen.

Subsidy and Financial Assistance Under Pm Kusum Yojana

The government provides significant financial assistance under PM Kusum Yojana, making solar power accessible to farmers.

• For Solar Power Plants (Component A): The farmer or entity receives a 30% subsidy from the central government, with an additional 30% from state governments. The remaining 40% can be covered by loans or from the farmer's own investment.
• For Standalone Solar Pumps (Component B): The central government provides a 30% subsidy, and the state government covers another 30%. The farmer bears the remaining 40%.
• For Solarization of Existing Pumps (Component C): The government offers a 60% subsidy (30% each from the central and state governments), and the farmer bears the remaining 40%. The farmer can also take a loan to cover this amount.

Challenges Faced in Implementing Pm Kusum Yojana

Despite its many benefits, PM Kusum Yojana faces several challenges:

• High Upfront Costs: For many farmers, the upfront cost of installing solar power plants or solarising existing pumps remains high despite the availability of subsidies.
• Lack of Knowledge: Many farmers are not entirely aware of the scheme's advantages and application procedure, particularly in rural areas.
• There are problems with grid connectivity in some areas, which restricts the capacity to sell excess electricity to the grid.
• Land Availability: Component-A necessitates vast areas of land in order to install solar plants, which may be a problem in areas where land is scarce.

Conclusion

Pm Kusum Yojana is a revolutionary step towards sustainable and self-reliant agriculture in India. By integrating solar power into the agricultural sector, the scheme provides both economic and environmental benefits. Farmers across the country stand to gain from lower energy costs, improved irrigation facilities, and the opportunity to generate additional income by selling surplus solar power. The success of PM Kusum Yojana will not only strengthen the agricultural sector but also contribute to India’s ambitious renewable energy targets.