PM Kusum Scheme: Both union and state governments run many schemes to promote farming in the country. Among all the schemes, some government schemes aim to help farmers boost their income. ‘Pradhan Mantri Kusum Yojana (PM Kusum)’ is such a scheme. Under the government scheme, farmers are given subsidies for installing solar pumps.
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Pradhan Mantri Kusum Yojana
Under Pradhan Mantri Kusum Yojana, farmers can install solar pumps on their fields or barren lands with a 60% subsidy. While the objective of this government scheme is pollution-free irrigation, it will also enable farmers to make a regular income without any tension for 25 years. Under this scheme, farmers are provided with solar panels at a subsidized rate, through which they can generate electricity. After using as much electricity as they require, they can sell the remaining electricity to generate additional income. The PM Kusum Yojana was launched in 2019, and since then, this scheme has been expanded continuously.
A 60% subsidy can be claimed
Under this scheme, farmers need to pay only 10% of the amount for installing solar panels on their land. The central and state governments provide a 60% subsidy amount to the farmers in their bank accounts. A 30% subsidy will be provided by the central government and 30% by the state government. A 30% loan from banks is also provisioned. Farmers can easily repay this loan from the income they generate. Not only farmers but cooperative societies can also benefit from the scheme.
How to apply for PM Kusum Yojana
– For installing solar pumps under the Pradhan Mantri Kusum Yojana, applications can be made on the official website mnre.gov.in.
Visit the official website.
– Read the scheme-related guidelines on the homepage.
– You will then need to register.
– The guidelines will make the registration process simpler for you.
– Contact your nodal officer for information regarding the scheme.
Documents required for applying for PM Kusum
Aadhar card, photos, ration card, identity card, copy of registration, bank account details (passbook), mobile number, and land documents are required at the time of applying.
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Benefits of PM Kusum Yojana
– Under this scheme, farmers are provided with solar panels at a subsidized rate, through which they can generate electricity.
– The Indian government started the construction of solar plants that can generate a total of 28,250 MW of electricity.
– You can get this planted on your farm or barren land.
– For its installation, the central government will provide a 30% subsidy and the state government will provide a 30% subsidy. Banks will provide a 30% loan for this. This means the farmer will only have to bear 10% of the expenses.
– This will make irrigation easier for farmers. Because the solar plant can be used to run the irrigation pump. This means farmers will get free electricity for irrigation.
– This scheme will reduce farmers’ dependency on diesel and kerosene oil.
– The big advantage is that they will be able to sell the excess electricity generated from this to any company.
