KUSUM Solar Pump Yojana

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.

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

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

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.