PM KUSUM Scheme: Objectives, Features, Benefits
Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan Yojana is a government scheme to subsidize farmers for installing solar irrigation pumps for cultivation. Let's learn more about the scheme so "Kusum Yojana" offers each farmer a 60% subsidy to set up tube wells and pump sets. Along with other benefits we are going to discuss, they will also get 30% of the total cost as a loan from the Government under the scheme.
Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan Yojana is a government scheme to subsidize farmers for installing solar irrigation pumps for cultivation. Let's learn more about the scheme so "Kusum Yojana" offers each farmer a 60% subsidy to set up tube wells and pump sets. Along with other benefits we are going to discuss, they will also get 30% of the total cost as a loan from the Government under the scheme.
What are the objectives of the KUSUM Scheme?
- The solar pumps will help our farmers to do effective and eco-friendly irrigation as these are specially manufactured and designed of generating safer energy.
- The pump sets compose an energy power grid that generates more energy than diesel-driven pumps. Farmers can sell the extra power to our Government directly to increase their income.
KUSUM Scheme comprises 3 components that have different features:
Component 1: Install a total of 10GV grid-connected stilt-mounted decentralized solar plants and other renewable energy-based power plants.
Component 2: Install stand-alone solar pumps of up to 7.5HP respective capacity and worth 17.50 lakh.
Component 3: Provide financial support to Solaris 10 lakh grid-connected agricultural pumps of 7.5HP of capacity each.
What are the Benefits of the KUSUM Scheme?
- The Indian government took a step toward constructing solar plants that can generate an accumulated 28,250 MW of power.
- The Government will subsidize 60% and provide a loan of 30% of the total cost. This will make the bear cost only 10% of the total cost to install solar plants and solar pumps.
- As per the KUSUM Scheme details, our Government will provide subsidies to install state-of-the-art solar pumps. It improves irrigation too, as they hold 720MV of capacity.
- The scheme is an opportunity for farmers for selling the extra power generated by the plants directly to our Government which ensures the scope of increase in the income of our farmers.
- A landholder in a rural area can get a stable source of income by utilizing barren and uncultivated land for solar plant implementation for 25 years.
- The solar plants will be placed on the minimum height in cultivable lands. because it helps farmers to continue with cultivation after installing the plants.
- KUSUM Scheme ensures increasing use of sustainable energy helps to mitigate pollution in farms and opens a gateway to eco-friendly cultivation
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