10 Key Points of PM Kusum Yojana: Bringing Solar Power to Farmer’s Fields

Key Highlights

• PM Kusum Yojana offers a 60% subsidy on solar pumps.
• Farmers in Uttar Pradesh benefit from the scheme.
• Booking requires a Rs 5,000 token amount.
• The scheme targets 30,000 solar pumps distribution.
• Selection is based on a first-come, first-served basis.
• Farmers can access loans for remaining costs.
• Installation guidelines must be followed strictly.
• The verification process ensures compliance.
• Positive impact on farmer’s productivity and sustainability.

The PM Kusum Yojana is a government initiative aimed at helping farmers access solar power for irrigation. This program provides subsidies to farmers, reducing their dependence on traditional energy sources like electricity and diesel.

Also Read: Empowering Farmers: Rs 908 Crore Released for Solar Pump Subsidy

Here are 10 key points about the PM Kusum Yojana:

1. Objective: The main goal of PM Kusum Yojana is to promote solar energy in agriculture. By offering subsidies on solar pumps, the scheme aims to boost agricultural productivity in an environmentally friendly way.
2. Subsidy Percentage: Farmers in Uttar Pradesh can get a whopping 60% subsidy on solar pumps ranging from 3 HP to 10 HP. This subsidy significantly reduces the cost for farmers.
3. Booking Process: Farmers need to book solar pumps through the official website of the scheme (www.agriculture.up.gov.in). During booking, farmers have to pay a token amount of Rs 5,000 to confirm their registration.
4. Target Allocation: Uttar Pradesh aims to distribute 30,000 solar pumps in the fiscal year 2023-24. The distribution happens in phases to reach as many farmers as possible.
5. Selection Criteria: Solar pump distribution is on a first-come, first-served basis, up to 110% of the district's target limit. Eligible farmers who complete the booking process on time will receive the subsidy.

Also Read: Farmers to Receive Subsidy for 54,000 Solar Pumps

6. Loan Facility: Farmers can take bank loans to cover the remaining costs after the subsidy. They might also qualify for interest rebates on loans through the Agricultural Infrastructure Fund.
7. Boring Requirement: Farmers must have their own borewell of water supply to be eligible for the subsidy. The borewell specifications may vary depending on the pump's HP capacity.
8. Installation Guidelines: Farmers must follow specific guidelines for installing solar pumps, including borewell depth and pump suitability. Changing the pump's location after installation can have consequences.
9. Verification Process: After booking, farmers undergo verification to ensure they meet the scheme's requirements. Failing to meet these requirements may lead to losing the token amount.
10. Beneficiary Impact: PM Kusum Yojana has positively impacted farmers by providing reliable irrigation facilities with renewable energy. By reducing costs and increasing productivity, farmers benefit from sustainable agricultural practices.

Also Read: Top 10 Advantages Farmers Can Expect from the 'Krishi Integrated Command & Control Centre'

CMV360 Says

PM Kusum Yojana offers farmers a great opportunity to adopt solar-powered irrigation systems with substantial subsidies and support. By understanding the process and meeting the requirements, farmers can embrace clean energy while contributing to sustainable agriculture.