PM-KUSUM

Why in News?

Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme was initiated by the Government of India to increase the income of farmers and provide sources for irrigation and de-dieselize the farm sector
PM-KUSUM Yojana got its administrative approval in March 2019 and guidelines were framed in July 2019. This scheme was launched by the Ministry of New and Renewable Energy (MNRE) for the installation of solar pumps and other renewable power plants across the nation
The Ministry of New and Renewable Energy (MNRE) has launched the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) Scheme for farmers for installation of solar pumps and grid connected solar and other renewable power plants in the country
The scheme aims to add solar and other renewable capacity of 25,750 MW by 2022 with total central financial support of Rs. 34,422 Crore including service charges to the implementing agencies

Under the PM-KUSUM Yojana, farmers, groups of farmers, panchayat, and co-operative societies can apply to plant a solar pump
The total cost involved in this scheme is divided into three categories in which the Government will help farmers
The government will provide a subsidy of 60% to farmers and 30% of the cost will be given by Government in form of loans. Farmers will only have to give 10% of the total cost of the project
The electricity generated from the solar panel can be sold by the farmers
The money gained after selling electricity can further be used for starting a new business

Below-mentioned are the scheme benefits of PM KUSUM Yojana: