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PM-KUSUM Yojana 2024: The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Yojana is a revolutionary scheme launched by the Government of India to empower farmers by increasing their income through the use of renewable energy. Initiated in 2019 under the Ministry of New and Renewable Energy (MNRE), this scheme focuses on the installation of solar pumps and other renewable power plants across the nation, aiming to enhance irrigation facilities and reduce the dependency on diesel in the agricultural sector.
Objectives of PM-KUSUM Yojana
The PM-KUSUM Yojana is designed to support farmers, groups of farmers, panchayats, and cooperative societies in the installation of solar pumps. The primary objectives include:
- Providing sustainable irrigation solutions through solar-powered pumps.
- Increasing farmers’ income by allowing them to sell surplus electricity generated by the solar panels.
- Reducing reliance on diesel, thus promoting cleaner energy in agriculture.
Under this scheme, the total cost is divided into three parts: 60% is covered by a government subsidy, 30% can be availed through loans, and the farmer only needs to contribute 10% of the total cost.
Benefits of the PM-KUSUM Scheme for Farmers
The PM-KUSUM Yojana offers numerous benefits to farmers, including:
- Risk-free income: Farmers can sell the electricity generated from their solar panels back to the grid.
- Uninterrupted power supply: Ensuring a continuous power supply for irrigation purposes.
- Reduction in carbon footprint: Promoting the use of renewable energy, which is environmentally friendly.
- Reduced subsidy burden: By transitioning to solar power, the government’s farm power subsidy burden is significantly reduced.
Three Components of the PM-KUSUM Yojana
The PM-KUSUM Yojana is divided into three main components to achieve its objectives:
Component A: Renewable Energy Power Plants
- Goal: Set up 10,000 MW of decentralized renewable energy power plants on barren land.
- Eligibility: Farmers, cooperatives, groups of farmers, panchayats, Water User Associations (WUA), and Farmer Producer Organizations (FPO) can participate.
- Implementation: Power projects will be set up within a 5 km radius of the sub-station.
Component B: Stand-Alone Solar Agriculture Pumps
- Goal: Support the installation of solar agriculture pumps to replace existing diesel pumps.
- Details: Financial support is available for pumps up to 7.5 HP, though higher capacity pumps can be installed with additional costs borne by the farmer.
- Benefit: These solar pumps help in reducing diesel consumption and promoting clean energy.
Component C: Solarization of Grid-Connected Agriculture Pumps
- Goal: Solarize 10 lakh grid-connected agriculture pumps across the country.
- Details: Farmers can sell the excess solar power generated to Distribution Companies of India (DISCOMs) at a pre-fixed tariff.
- Benefit: Farmers’ irrigation needs are met using solar power, and the extra energy generated is a source of additional income.
State-wise Implementation of PM-KUSUM Yojana
The implementation of the PM-KUSUM Yojana varies across states, with different agencies responsible for each component. Here’s a quick look at some of the state-wise implementations:
| State | Component-A | Component-B | Component-C |
|---|---|---|---|
| Chhattisgarh | No Demand | Chhattisgarh Renewable Energy Development Agency | No Demand |
| Haryana | 25 MW | Department of New & Renewable Energy (DNRE), Haryana | 468 Pumps |
| Maharashtra | 300 MW | Maharashtra Energy Development Agency (MEDA) | 9000 Pumps |
| Rajasthan | 325 MW | Horticulture Department, Govt. of Rajasthan | 12500 Pumps |
| Uttar Pradesh | 75 MW | Agricultural Department, Govt. of UP | 1000 Pumps |
Note: Detailed information on other states is available on the official MNRE website.
How to Apply for the PM-KUSUM Scheme
Farmers and eligible groups can apply for the PM-KUSUM Yojana by following these steps:
- Visit the official website of the PM-KUSUM Yojana at MNRE Official Site.
- Fill out the application form with necessary details such as Aadhaar card, land documents (Khasra Khatauni), a declaration form, and bank account details.
- Submit the application and await approval. Once approved, you will be registered under the PM-KUSUM Yojana.
Central Financial Assistance (CFA) and State Government Support
The PM-KUSUM Yojana offers significant financial assistance:
- Component A: Procurement-Based Incentive (PBI) of 40 paise/kWh or Rs. 6.60 lakh/MW/year for the first 5 years.
- Component B & C:
- 30% Central Finance Assistance (CFA).
- 30% State Government subsidy.
- Farmers need to cover the remaining 40%.
For farmers in special states (e.g., J&K, Himachal Pradesh, Uttarakhand), Central Finance Assistance is 50%, with a 30% state subsidy.
FAQs about PM-KUSUM Yojana
Q1. When was the PM-KUSUM scheme launched?
The PM-KUSUM scheme was launched in July 2019 under the Ministry of New and Renewable Energy (MNRE).
Q2. What is the subsidy offered under the PM-KUSUM Yojana?
The scheme offers a subsidy of up to 60% to farmers, with an additional 30% of the cost covered through loans. Farmers only need to pay 10% of the project cost.
Q3. Do banks provide loans to farmers under this scheme?
Yes, various financial institutions, including private and public sector banks, offer loans to farmers under the PM-KUSUM Solar Panel Scheme.
