Kusum Yojana – Kisan Urja Suraksha Evam Utthan Mahabhiyan
Irrigation is a major component in maximising agricultural productivity and farmers income. There are various government schemes for farm60ers but this new irrigation scheme can be a game changer in future. The name of this scheme is “KISAN URJA SURAKSHA EVAM UTTHAN MAHABHIYAN” in short “KUSUM”. Under this scheme, govt. will provide 60% subsidy to farmers for setting up of pumpsets and tube wells on their land. For example, if the total cost to set up a Solar Pump is Rs. 1 lakh, then the central govt. will provide 60,000 as subsidy to farmers. Just like other Solar Power Subsidy Schemes for Agriculture.
Farmers can easily setup the solar power plants with minimal investment and start utilizing the Sun Energy to boost their agricultural production. This new scheme includes giving of new agricultural pumps to the farmers, solarizing the existing agricultural pumps and also providing tube wells for farming.
Objective & Features of Kushum Yojana
Government is trying to generate 28 GW renewable energy through this mega project and allocated 48,000 Crore fund for this scheme. Also the increase of food production and farmer’s income are the main objectives of this scheme. In brief there are following objectives and the features of this scheme:
1. Increase agricultural income and reduce electricity losses when transmitting power to remote rural areas.
2. To set up more than 28 GW of combined solar capacity through one million solar pumps by 2022.
3. The government will purchase the surplus power through electricity distribution companies.
4. Central government will provide 60% subsidy to farmers for their solar pump installation and 30% through bank loan.
5. The farmer will pay only 10% of total project cost to set up solar pumps, and can pay the loan amount by selling surplus electricity to discoms. The prices are announced by state governments and can vary from state to state.
6. All farmers from any state of India are eligible for this scheme and the subsidy will be transfered to their bank accounts directly.
Subsidy for Farmers
All the farmers will get this subsidy from the central govt. to setup Solar Agricultural pumpsets. Farmer will only have to pay an upfront cost of 10% for this purpose. All the new agricultural pumpsets will replace the existing petrol and diesel pumpsets. The cost distribution for setting up of pumps and tube-wells is as follows:
- Central Government – 60% of the total cost as Subsidy
- Banks – 30% of total cost as Loans to Farmers
- Farmers – 10% of total Cost
Central govt. in its Union Budget 2018-19 has allocated Rs. 1,40,000 crore (1.4 trillion) to generate total energy capacity of 28,250 MW. This subsidy will be given to the farmers directly into their bank account through Direct Benefit Transfer (DBT).
Guidelines & How to Apply
The government is trying to make application process of this scheme fully transparent and online. The formers can apply online for this scheme and after verification of the documents, subsidy will be transfered to their bank account directly. Here is the list of required documents and brief information about how to apply for this scheme:
1. Required Documents: There are following requirements for this scheme.
- Aadhaar Number
- Mobile Number
- Bank Account
- Land Record (Khatauni)
- Margin Money @10% of Total Project Cost
- Project Report (By approved solar company)
2. How to Apply: After getting ready with all above requirements the farmer can fill the form online and upload required documents directly. For the help of farmers we have more than 50 distributors in state where they can get free consultation and support. To find your local PSRM Distributor click here… or call us to our marketing team – +91-8115-683-321 (10-00 AM to 5:00 PM).