New PM-KUSUM subsidy scheme for solar pumps

Irrigation is a major challenge for farmers in India due to power shortage and rising costs. Solar energy offers a sustainable and economical solution to this problem. By installing solar panels for submersible pumps, farmers can reduce their dependence on electricity and lower their irrigation costs. In this article, we discuss the subsidy schemes of the Indian government and state governments for solar panels for submersible pumps. Let us know.

Campaign for Energy Security and Upliftment of Prime Minister Farmers (PM-KUSUM)

Under the Pradhan Mantri Kisan Urja Suraksha and Utthan Mahabhiyan (PM-KUSUM) programme, farmers can get subsidies to install solar pumping systems.

Component B

• Independent solar pump: Farmers can take advantage of subsidies for solar pumps with a capacity of up to 7.5 hp. This includes 30% Central Financial Assistance (CFA) and 30% State Government Subsidy. The remaining 40% of the costs will have to be borne by the farmer with bank financing options.

Component C

• Solarization of pumps connected to the electricity grid: Farmers can use subsidies for the solarization of pumps connected to the electricity grid. Under this, 30% central financial assistance (CFA) and 30% state subsidy will be available and the remaining 40% will have to be given to the farmers.

Financial aid and subsidy percentage

The PM-KUSUM program provides financial support for solar pumps and other irrigation equipment. The amount of subsidy depends on the specific scheme chosen by the farmer and the subsidy rate set by the state government. Farmers can apply for this scheme through the PM-Kusum website pmkusum.mnre.gov.in.

Benefits of solar panels for submersible pumps

Solar pumps reduce dependence on traditional electricity, allowing farmers to save on electricity bills. Solar pumps can significantly reduce irrigation costs because they use free solar energy. Solar energy is a renewable source that reduces environmental impact and promotes sustainable agricultural practices. Government schemes such as PM-KUSUM provide adequate financial support to make solar pumping systems affordable to farmers.

How to apply for a grant?

To get a subsidy on solar panels for submersible pumps, farmers must follow these steps.

First, visit the official website of PM-Kusum Yojana pmkusum.mnre.gov.in. After this, register on the portal and complete the application for part (B or C). After this, provide the necessary documents, such as proof of land ownership, bank details and identity. Once the application is submitted, it will be reviewed and, if approved, a grant will be offered.