PM Kusum Yojana: 90% Subsidy on Solar Pumps for Farmers

Key Highlights

• Up to 90% subsidy on solar pumps
• 100% subsidy for SC/ST and certain other farmers
• Apply by August 15, 2024
• Required documents: Aadhaar, residence certificate, land papers, bank details

The PM Kusum Yojana is providing a significant opportunity for farmers to install solar pumps in their fields with up to 90% subsidy. This scheme aims to make irrigation more accessible and affordable, particularly during the Kharif season.

What is PM Kusum Yojana?

PM Kusum Yojana, or Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan, is a government initiative designed to help farmers with the installation of solar pumps in their fields. The scheme provides financial support, allowing farmers to install solar pumps by paying just 10% of the total cost. For farmers belonging to Scheduled Caste, Scheduled Tribe, Vantangiya, and Musahar communities, the subsidy can go up to 100%.

Subsidy Details on Solar Pumps

Under the PM Kusum Yojana, the central government offers a 30% subsidy, while the state government provides an additional subsidy. For SC/ST farmers and certain other categories, the state government provides a 70% subsidy, totaling 100% support. Farmers from other categories receive a combined 90% subsidy, with 60% from the state and 30% from the central government.

Also Read: Good News: Government to Provide Free Electricity to 9 Lakh Rural Families

Cost Breakdown for Installing Solar Pumps

3 HP Solar Pump

• Total Cost: ₹2,65,439
• Central Government Subsidy (30%): ₹79,632
• State Government Subsidy (60%): ₹1,59,263
• Farmer's Contribution (10%): ₹26,544

5 HP Solar Pump

• Total Cost: ₹4,26,750
• Central Government Subsidy (30%): ₹1,28,025
• State Government Subsidy (60%): ₹2,56,050
• Farmer's Contribution (10%): ₹42,675

7.5 HP Solar Pump

• Total Cost: ₹6,23,909
• Central Government Subsidy (30%): ₹1,87,173
• State Government Subsidy (60%): ₹3,74,345
• Farmer's Contribution (10%): ₹62,391

Required Documents for Application

Farmers interested in applying for the subsidy need to prepare the following documents:

• Aadhaar card
• Residence certificate
• Land ownership documents (Khasra Khatauni)
• Bank account details (copy of passbook)
• Bank draft for the farmer's contribution

How to Apply for the Solar Pump Subsidy

Farmers can apply for the solar pump subsidy by visiting the official UP NEDA website at upnedakusumc1.in. The application process requires uploading the necessary documents and a bank draft of the farmer's contribution. After submission, the department will verify the existing diesel pump in the field, and upon successful verification, the solar pump connection will be provided. Applications are processed on a first-come, first-served basis, with the last date to apply being August 15, 2024.

Also Read: Pradhan Mantri Fasal Bima Yojana: Sharecroppers Now Eligible for Insurance Benefits

CMV360 Says

PM Kusum Yojana offers farmers substantial financial support for installing solar pumps, with up to 90% subsidy available. This initiative makes irrigation more affordable and accessible, especially for SC/ST farmers. Apply by August 15, 2024, through the UP NEDA website to benefit from this significant scheme.