Published Date - 14 February 2018 06:33:33 Updated Date - 14 February 2018 06:42:34

Kusum Solar Agricultural Pumps Scheme for Farming Announced in Budget 2018_19

Central government has announced Kisan Urja Suraksha evam Utthaan Mahabhiyan – Kusum Scheme for farmers. Subsequently, govt. will provide subsidy on setting up pf solar power plants on their barren land. Accordingly, Kusum Scheme will solarize agricultural pump sets to double the income of farmers by 2022. Central govt. has allocated Rs. 48,000 crore in Union Budget 2018-19 for upcoming 5 years for successful implementation of this scheme. Farmers can set up solar power projects on their barren land and use the generated energy. Moreover, farmers can also sell the excess energy to DISCOMS through grid setups to generate additional income. Ministry of New and Renewable Energy will start implementing this scheme from the next fiscal year to promote solar farming among farmers.

OBJECTIVES OF KUSUM SOLAR AGRICULTURAL PUMPS SCHEME

The govt. will set up 10,000 MW solar power plants on the barren land of farmers. The govt. will incentivize DISCOMS to purchase additional energy generated. Govt. will provide 50 paise per unit to buy generated energy. This scheme will enable farmers to sell their excess energy to the grid thereby generating extra income. This component will include a subsidy of Rs. 4,875 crore. Central Govt. will distribute 17.5 lakh solar agri-pump sets (pumps) to the farmers. The subsidy component is Rs. 22,000 crore to buy solar grid pumps. The govt. will solarize the existing agricultural pump sets (farm pumps) having 7250 MW capacity with Rs. 15,750 crore and various other government tube wells of 8250 MW capacity with subsidy component of Rs. 5000 crore.

Kusum Solar Agricultural Pumps Scheme Subsidy

Central Govt. will provide 60% of the total cost of the subsidy to farmers. Banks will provide 30% loan of the total expenses to the farmers. Farmers will provide an upfront cost of 10% to install the solar power projects. Central govt. will allocate Rs. 1,40,000 crore (1.4 trillion) to generate total energy capacity of 28,250 MW. This scheme will solarize agricultural pumps and encourage the use of barren land. Central Govt. will transfer the subsidy directly into the bank account of farmers.


Mr Sudam patra

30-04-2018

Can i this project in odisha balangir district in puintala block

Mr Sudam patra

30-04-2018

What is the total cost for 2hp motor run

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