PM Kusum Yojana: Barring a few states across the country, the electricity prices are pretty high everywhere. Currently, it is almost certain that electricity rates will be increased in some areas. In any case, electricity consumption is relatively high. Often, due to disruptions in the power supply, farmers also face problems with irrigation. The government has now launched a significant initiative to alleviate the burden of electricity bills.
The government is offering a significant option to farmers under the Dhakad scheme. The name of this scheme is PM Kusum Yojana, which can be easily availed. The benefits of this scheme will be directly available to farmers for installing solar pumps. Farmers can install solar pumps for irrigation in their fields at a subsidised rate. Subsidy is also being given strongly. According to the report, farmers can install solar pumps in their fields with a 70-80% subsidy.
Important things related to PM Kusum Yojana
The PM Kisan scheme, initiated by the central government, will prove to be a boon for farmers. To install a solar panel through this scheme, you only need to pay 10 per cent of the total cost. You can earn a lot with irrigation under a solar pump. Farmers can significantly increase their yield by planting crops in their barren land.
According to some reports, approximately 4 to 5 acres of land are required to set up a one-megawatt solar plant. Approximately 15 lakh electricity units can be produced annually. Farmers can sell electricity at the generating rate, which will also yield a substantial income. However, the government started the PM Kusum scheme in 2019.
It has been expanded over time. The Ministry of Energy is running this scheme. The central government provides a thirty per cent subsidy, and the state government provides a percentage. Accordingly, a 75% subsidy is available for installing solar panels.
How will you be able to take advantage of the benefit?
Different official websites of the states have been provided for the PM Kusum scheme of the Central government. You can avail the benefits of this scheme by visiting the official website of your state government. For more information related to the scheme, please visit https://mnre.gov.in/.