KUSUM Solar Pump Yojana

Know all about Pradhanmantri Solar Pump Yojana

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The PM KUSUM Solar Yojana is a scheme for farmers where the central government provides KUSUM solar pump sets to them on a subsidised basis. KUSUM Solar 2021's main goal is to provide sophisticated technologies for farmers to generate electricity.

These solar pumps have a dual purpose: they help farmers with irrigation while also allowing them to generate electricity. The Centre has allocated ₹1,996 Crores in the Union Budget 2023-24 for the smooth execution of the PM KUSUM Solar Yojana.

Under the scheme, farmers using power solar pumps can sell their excess electricity to state power distribution units and benefit from it. The PM KUSUM Solar Yojana, according to the central government, has the potential to double farmers' income.

Objectives of the KUSUM Solar Pump Yojana

The Indian government is working on a Solar Pump Scheme with the following goals.

Pollution Control

India and France have joined forces to form the International Solar Alliance (ISA), which focuses more on renewable energy. India has set a target of 500 GW of solar power by 2030, with 172 GW already installed.

PM KUSUM Solar Pump Yojana is one of many initiatives by the Indian Government to promote renewable energy generation.

Reduced Diesel Consumption

In our country, diesel engines are largely utilised for irrigation where there is no electricity, and where there is electricity, coal is used more. As a result, pollution is on the rise. PM KUSUM Yojana has the potential to cut down farmers’ reliance on diesel and coal for irrigation.

Increasing Farmers' Income

You can use solar electricity for 300 days a year. However, watering must be done on a set schedule. Farmers can earn money by selling electricity for this purpose.

One of the crucial elements of a solar pump is its panels. Solar panels, commonly referred to as solar plates, turn sunlight into electricity. Solar panels may be found in a variety of markets:

Polycrystalline Solar Panel

Polycrystalline Solar Panel is commonly used in large solar projects and will soon be accessible in households.

Monocrystalline Solar Panel

A monocrystalline solar panel has been designed using the latest technology to generate power. The majority of these solar panels will be located in houses, where they will be used to charge batteries and save energy.

Bi-Facial Solar Panel

Another sophisticated technology constructed of mono solar cells is the bi-facial solar panel. This solar panel generates solar energy from both sides, and the sun shines down on it as well.

KUSUM Solar Yojana Eligibility

The applying farmer should be eligible for the KUSUM Yojana. It is a legal requirement to have an Aadhaar card. To apply, you will need the account number from your bank.

Once you meet the required eligibility terms, you must submit the following documents when applying for the scheme:

Aadhaar card
Passport size photo
Income certificate
Bank account passbook

How to Apply for the KUSUM Solar Pump Yojana Online

Farmers must apply online on the scheme's official website to receive a free solar pump under the PM KUSUM Solar Yojana (mnre.gov.in). This website has a simple application process for farmers who plan to apply for this scheme.

Follow this process when applying for this scheme:

Visit the official website at https://www.india.gov.in/spotlight/pm-kusum-pradhan-mantri-kisan-urja-suraksha-evam-utthaan-mahabhiyan-scheme
Complete the registration form by entering essential details, such as your name, contact number, financial information, etc.
Click on ‘Submit’ once you check the declaration box
Create a login ID and password, and attach all the supporting documents

Further Key Takeaways

The KUSUM Solar Pump programme, which intends to deliver agricultural solar pumps with a 90% subsidy, has begun in various states. Till October 2022, more than 1.75 Lakh pumps have been installed by the government aid.

As mentioned, these pumps are eligible with a subsidy. Farmers receive subsidies for new and better solar-powered pumps under the PM Kusum Yojana. The farmers are only responsible for 10% of the overall cost of installing the solar pump. The government covers 60% of the cost, and the bank pitches the other 30% as credit.

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What is the purpose of PM KUSUM Yojana?

The purpose of the PM KUSUM Yojana is to cut down farmers’ reliance on diesel and coal for irrigation and promote renewable energy. It also aims to play a significant role in doubling the farmers’ income by allowing them to sell the excess electricity.

How much loan can I get for a solar project with PM KUSUM Yojana (Component-A)?

You can get a loan amount of up to 70% of the project cost, with a maximum ceiling of ₹10 Crores under the PM KUSUM Yojana (Component-A).

What are the eligibility criteria to apply for PM KUSUM Solar Pump Yojana?

All farmers, individuals or in groups, can apply for this scheme. In addition, farmer producer organisations (FPOs) and water user associations can apply for this loan. The only condition is that the farmer must be an Indian citizen.