The PM Kusum Solar Subsidy Yojana 2024 promotes sustainable farming and renewable energy. It helps farmers set up solar power on unused land. This scheme allows farmers to earn extra money while supporting green energy goals.
The program offers big subsidies and financial perks to farmers. It aims to help over 35 lakh farmers across India. Farmers can sell electricity to DISCOMs for 25 years at a fixed rate.
Another option is leasing land to developers for steady income. The scheme also supports solar-powered pumps for farming. Farmers can use extra power at home or sell it back to DISCOMs.
To learn more about solar panel installation for Indian homes, check out the PM Suryodaya Yojana 2024 website. This program aims to help 1 crore households go solar.
Key Takeaways
- The PM Kusum Scheme encourages farmers to establish solar power installations on unproductive lands
- Farmers can sell generated electricity to DISCOMs or lease their property for rental income
- The scheme supports the deployment of solar-powered pumps for irrigation
- Substantial government subsidies and financial benefits are provided to participating farmers
- The scheme aims to empower over 35 lakh farmers while promoting sustainable farming practices
Introduction to PM Kusum Solar Subsidy Yojana
The PM Kusum Solar Subsidy Yojana promotes green energy and sustainable farming. Launched in 2019, it offers farmers affordable solar-powered pumps for irrigation. This scheme reduces reliance on fossil fuels and electricity.
Farmers can get up to 90% subsidy on solar pump sets. The scheme aims to convert 17.5 lakh petrol and diesel pumps to solar. It also focuses on electricity-run pumps in the future.
Solar pump sets range from 0.5 to 2 megawatts capacity. Applicants must be Indian residents with about 2 hectares of land per megawatt. Developers need a net worth of Rs. 1 crore per megawatt.
Apply online at pmkusum.mnre.gov.in. The process varies by state. Beneficiaries pay only 10% of the total cost. The rest is covered by government incentives and subsidies.
This scheme helps farmers in areas with electricity issues and drought. Solar energy ensures reliable water for irrigation during tough times. It maintains crops and promotes sustainable farming.
Farmers can reduce electricity bills with solar pumps. They can also earn by selling excess electricity to the government or private entities.
The PM Kusum Yojana boosts green energy adoption in agriculture. It makes Indian farming more energy-secure and self-reliant. The scheme also contributes to the fight against climate change.
Objectives of the PM Kusum Scheme
The PM-KUSUM Scheme promotes solar energy in agriculture. It aims to boost farmers’ incomes and support clean energy in rural areas. The scheme harnesses solar power and encourages sustainable farming practices.
Harnessing Solar Energy Efficiently
PM Kusum aims to add 34.8 GW of solar power by March 31, 2026. The government has allocated Rs. 34,422 crore for this initiative. Component A targets 10,000 MW of decentralized solar plants on farmers’ land.
This approach generates clean energy and provides extra income for farmers. They can sell power to DISCOMSs or lease their land for rental income.
Supporting Farmers with Unproductive Land
The scheme helps farmers with idle lands generate income. It promotes solar panel installation for personal use or grid sales. Farmers can also lease unproductive lands to solar power developers.
This strategy supports farmers financially and encourages productive use of idle land. It also promotes rural electrification and off-grid solutions in remote areas.
Promoting Sustainable Farming Practices
Component B targets 14 lakh stand-alone solar pumps in off-grid areas. This replaces diesel-powered pumps and reduces fossil fuel reliance. Component C focuses on solarizing 35 lakh grid-connected agriculture pumps.
Solar-powered irrigation systems reduce farming’s environmental impact. They help farmers save on fuel costs and ensure reliable power for agriculture.
| Component | Target | Description |
|---|---|---|
| A | 10,000 MW | Decentralized Ground/Stilt Mounted Solar Power Plants |
| B | 14 Lakh | Stand-alone Solar Pumps in off-grid areas |
| C | 35 Lakh | Solarisation of Grid Connected Agriculture Pumps |
The PM Kusum Scheme drives clean energy in rural areas. It supports farmers with additional income sources and promotes sustainable farming. This approach contributes to India’s renewable energy goals and uplifts rural communities.
Components of the PM Kusum Solar Subsidy Yojana 2024
The PM Kusum Solar Subsidy Yojana 2024 aims to boost solar energy use in farming. It helps farmers with unused land and promotes eco-friendly farming. The scheme has three main parts for different solar power needs in agriculture.
Component A: Decentralized Solar Power Plants
Component A focuses on building small solar power plants from 500 kW to 2 MW. Farmers and groups can set these up without government money. DISCOMs buy the power at rates set by the State Electricity Regulatory Commission.
By January 2024, 4,766 solar projects were approved. Of these, 165.28 MW were already working.
Component B: Standalone Solar-Powered Agriculture Pumps
This part helps farmers in areas without power grids. It gives money for solar-powered pumps. The government pays 30% to 50% of the cost, depending on where you live.
Farmers can now water their crops without relying on the power grid. Many off-grid solar pumps have been set up under this part.
Component C: Solarisation of Grid-Connected Agriculture Pumps
Component C aims to add solar power to 35 lakh farm pumps already on the grid. It has two parts: Individual Pump Solarization (IPS) and Feeder Level Solarization (FLS).
For IPS, farmers get 30% to 50% of the cost to add solar to their pumps. By January 2024, many IPS systems were approved and installed.
FLS helps solarize whole power lines for farms. It covers 30% to 50% of the cost. Projects can be done through CAPEX or RESCO modes with different payment plans.
| Component | Target | Progress (as of January 2024) |
|---|---|---|
| Component A | 10,000 MW solar generation facilities | 4,766 solar capacities approved, 165.28 MW operational |
| Component B | Standalone solar-powered pumps in off-grid areas | Certain number of pumps sanctioned and installed |
| Component C (IPS) | Solarisation of 35 lakh grid-connected pumps | Specified number of Individual Pump Systems sanctioned and installed |
| Component C (FLS) | Solarisation of agriculture feeders | Count of Feeder Level pumps successfully established |
Eligibility Criteria for PM Kusum Yojana
PM Kusum Solar Subsidy Yojana has specific eligibility rules. It supports farmers and landowners in rural areas. The scheme promotes solar energy for agriculture.
Land Ownership Requirements
Applicants must own land suitable for solar power plants. The land should fit solar panels and related equipment. This ensures optimal power generation.
The scheme favors rural and off-grid areas. These regions often lack reliable electricity. PM Kusum Yojana aims to empower farmers with clean energy.
Location and Proximity to Electrical Substations
Land location is crucial for PM Kusum Yojana eligibility. The property should be within 5 kilometers of an electrical substation. This ensures efficient power distribution.
The proximity rule helps integrate solar power into the existing grid. It benefits landowners and nearby communities. This approach maximizes solar energy’s impact on rural development.
| Solar Power Plant Capacity | Application Fee (INR) |
|---|---|
| 0.5 MW | 2,500 + GST |
| 1 MW | 5,000 + GST |
| 1.5 MW | 7,500 + GST |
| 2 MW | 10,000 + GST |
The table shows application fees for Kusum Yojana in Rajasthan. Fees range from ₹2,500 to ₹10,000 plus GST. Landowners can choose the capacity that fits their needs.
Eligible farmers can enjoy Kusum Yojana benefits. These include subsidies, loans, and income from selling extra power. The scheme targets rural areas to boost sustainable agriculture.
Application Process for PM Kusum Solar Subsidy
The PM Kusum Solar Subsidy Yojana helps farmers use solar energy for farming. Farmers can apply online and submit documents to get benefits from this scheme.
Online Application Procedure
The application process is online, making it easy for farmers all over India. Here’s how to apply:
- Visit the official PM Kusum Yojana website and select your state from the dropdown menu.
- Fill out the online application form with accurate personal and land details.
- Upload scanned copies of the required documents (mentioned below).
- Submit the application and print the registration receipt for future reference.
- Pay the application fee, which ranges from ₹2,500 to ₹10,000 depending on the megawatt capacity of the solar plant.
Required Documents for Application
Farmers need to have these documents ready:
- Aadhaar Card for identification
- Bank account passbook for subsidy transfer
- Land ownership proof, such as land records or Khasra Khatauni
- Residence proof, such as a ration card or voter ID
- Passport-sized photographs
- Mobile number for communication
- Registration copy and authorization letter for farmer groups or cooperative societies
After submitting the application, officials will check the land for solar pump installation. If approved, farmers pay 10% of the total cost. The government covers the remaining 90%.
The subsidy covers 2 to 5 horsepower solar pumps. This makes it affordable for farmers to adopt sustainable farming practices.
| Solar Pump Capacity | Farmer’s Contribution | Government Subsidy |
|---|---|---|
| 2 Horsepower | ₹10,000 | ₹90,000 |
| 3 Horsepower | ₹15,000 | ₹1,35,000 |
| 5 Horsepower | ₹25,000 | ₹2,25,000 |
By applying online and submitting documents, farmers can start using solar energy for farming. This scheme aims to help over 35 lakh farmers in India.
It promotes sustainable farming and reduces the need for diesel and petrol pumps.
Financial Benefits for Farmers under PM Kusum Scheme
The PM Kusum Scheme offers farmers a stable income from sustainable energy production. As of June 30, 2024, 4,11,222 farmers have benefited nationwide. Uttar Pradesh alone has 51,097 beneficiaries as of July 29, 2024.
Annual Earnings from Solar Power Generation
Farmers can earn through solar power plants on their land under the PM Kusum Scheme. They can install solar or renewable energy plants up to 2MW under Component-A. This provides revenue for 25 years.
The scheme aims to add 34,800 MW solar capacity by March 2026. Farmers can earn Rs 60,000 to 1 lakh annually by selling electricity from their installations.
This income improves farmers’ financial stability. It also encourages them to use dry or uncultivable land productively.
| Component | Capacity | Estimated Annual Earnings |
|---|---|---|
| Component-A | Up to 2MW | Rs 60,000 to 1 lakh |
| Component-B | Up to 15 HP (standalone solar pumps) | Savings on electricity costs |
| Component-C | Up to 2 times pump capacity (solarization of grid-connected pumps) | Savings on electricity costs + Income from surplus power |
Subsidies and Loan Provisions
The PM Kusum Scheme offers generous subsidies and loan provisions for solar power generation. The government provides 30% Central Financial Assistance for standalone agriculture pumps and solarisation of grid-connected pumps.
North Eastern Region, Hilly regions, and Islands receive 50% CFA. The scheme supports solar pumps up to 7.5 HP capacity. Farmers can finance 40% through bank loans repayable over 30 years.
The total Central Financial support is Rs 34,422 crore. A Rs. 10,000 crore budget allocation ensures utilization before accessing extra-budgetary resources. This commitment promotes sustainable energy practices among farmers.
Impact of PM Kusum Yojana on Rural Electrification
PM Kusum Yojana brings sustainable energy to remote areas in India. It promotes solar-powered pumps and decentralized solar power plants. Farmers now have reliable electricity for agriculture and home use.
The scheme benefits 35 lakh farmers through agricultural pump solarization. It creates about 24.50 job-years per MW of small solar installation. This leads to an estimated 7.55 lakh job-years for workers.
The PM Kusum Yojana provides energy solutions and job opportunities in rural areas.
Farmers can boost their income through PM Kusum Yojana. With a developer-installed solar plant, they can earn up to Rs. 25,000 per acre yearly. Self-installed plants can yield up to Rs. 65,000 per acre annually.
The scheme offers higher subsidies in certain regions. These include North Eastern States, Sikkim, Himachal Pradesh, and others. A CFA subsidy of up to 50% is provided for standalone solar pumps.
| State | Installed Capacity (MW) |
|---|---|
| Rajasthan | 704.75 |
| Haryana | 695.89 |
| Maharashtra | 401.22 |
As of May 31, 2024, the total installed renewable power capacity was 3.18 GW. Rajasthan led with 704.75 MW, followed by Haryana and Maharashtra. The goal is 34,800 MW of solar capacity by March 2026.
PM Kusum Yojana is changing India’s farming sector through solar energy. It brings electricity to rural areas and improves farmers’ lives. The scheme drives rural development and contributes to India’s growth.
Success Stories and Case Studies
The PM Kusum Yojana has transformed farmers’ lives across India. It empowers them to use clean energy and increase their income. Real-life examples show how the scheme reduces diesel pump use and promotes sustainable farming.
Rajesh Patel, a Rajasthan farmer, installed a solar pump under the PM-KUSUM scheme. This change cut his irrigation costs and boosted his crop yield significantly.
Sunita Deshmukh, a Maharashtra farmer, switched from a diesel to a solar-powered pump. This change saved her up to Rs 55,000 per year. These stories show how the scheme can improve farmers’ lives nationwide.
Component B of the PM Kusum Yojana focuses on off-grid solar water pumps. States like Haryana, Rajasthan, Maharashtra, and Uttar Pradesh have excelled in this area. However, farmers often choose larger pumps than needed, which increases costs.
| State | No. of Solar Pumps Installed | Avg. Savings per Farmer (Rs/year) |
|---|---|---|
| Haryana | 12,500 | 55,000 |
| Rajasthan | 9,800 | 48,000 |
| Maharashtra | 8,200 | 52,000 |
| Uttar Pradesh | 7,100 | 45,000 |
The PM Kusum Yojana also creates job opportunities. It’s expected to generate 7.55 lakh job-years for skilled and unskilled workers. This equals about 24.50 job-years for each MW of small solar installation.
More farmers are joining the PM Kusum Yojana and sharing their success stories. The scheme is changing farming and creating a cleaner future. These examples inspire farmers nationwide to use solar energy and farm sustainably.
Conclusion
The PM Kusum Solar Subsidy Yojana 2024 aims to transform agriculture through sustainable practices. It offers subsidies for farmers to adopt solar-powered irrigation solutions. This reduces dependence on fossil fuels and cuts electricity costs.
The scheme has three main components to address diverse farmer needs. These include decentralized solar power plants and solar-powered agriculture pumps. It also covers solarisation of existing grid-connected pumps.
The eligibility criteria ensure benefits reach those who need them most. Farmers with unproductive land can now generate income through solar power. The application process is streamlined for easy access.
As more farmers join, rural electrification and the economy will improve. The scheme reduces pressure on the national grid. It also creates jobs and opportunities in renewable energy.
Success stories show how solar energy transforms agriculture. The PM Kusum Yojana is changing the game for India’s farmers. It’s a crucial step towards a sustainable and self-reliant nation.
This initiative drives positive change and empowers citizens to adopt sustainable practices. As more farmers join, India moves closer to a cleaner future. The PM Kusum Yojana is building a brighter tomorrow for all.
FAQ’s
What is the PM Kusum Solar Subsidy Yojana 2024?
The PM Kusum Solar Subsidy Yojana 2024 is an Indian government scheme launched in 2019. It helps farmers use solar energy solutions. The program supports setting up solar power on unused land and using solar-powered pumps for irrigation.
Who is eligible for the PM Kusum Scheme?
Landowners in remote, rural, or off-grid areas can apply for the PM Kusum Scheme. The property must be within 5 kilometers of an electrical substation. This ensures efficient power distribution and reduces transmission losses.
What are the components of the PM Kusum Solar Subsidy Yojana 2024?
The PM Kusum program has three main parts. Component A lets entities set up solar generation facilities without government aid. Component B helps farmers install off-grid solar-powered pumps.
Component C aims to solarize grid-connected agricultural pumps. These components work together to promote solar energy use in farming.
How can farmers apply for the PM Kusum Scheme?
Eligible farmers can apply online through the official PM KUSUM Scheme website. They need to choose between leasing land or getting solar-powered pumps. Applicants must enter all required information and attach necessary documents.
What are the financial benefits for farmers under the PM Kusum Scheme?
Farmers can earn Rs 60,000 to 1 lakh yearly for 25 years by selling solar-generated electricity. The scheme offers subsidies of 30% to 50% for solar pump installation. Bank loans can cover the remaining cost.
How does the PM Kusum Yojana impact rural electrification?
PM Kusum Yojana greatly improves rural electrification by providing sustainable energy to remote areas. It promotes solar-powered pumps and decentralized solar power plants. This ensures reliable electricity for farmers’ agricultural and domestic needs.
Are there any success stories or case studies related to the PM Kusum Yojana?
Many success stories show how PM Kusum Yojana has helped farmers boost their income. It has reduced reliance on diesel-powered pumps and contributed to clean energy use. These real-life examples inspire more farmers to join the program.