Pm Kusum Yojana: 2024, Benefits, Eligibility, Registration & All Information
Pm Kusum Yojana
Pm Kusum Yojana:- The Ministry of New and Renewable Energy introduced the PM Kusum Scheme in 2019, with the primary objective of ensuring water and financial stability. The Cabinet Committee on Economic Affairs authorized the scheme. One of the most crucial topics for the UPSC IAS test is the PM Kusum Scheme.
PM Kusum Scheme, also known as Pradhan Mantri Kisan Energy Security and Utthan Mahabhiyan in Hindi, is the full name of the program.
The Ministry of New and Renewable Energy introduced the PM Kusum Scheme, also known as the PM Kusum Scheme in Hindi, in the year 2019.
The plan received clearance in February 2019 from the Cabinet Committee on Economic Affairs.
The primary goal of the PM Kusum Scheme, also known as the
PM Kusum Scheme in Hindi, is to enable farmers to use their land to create electricity through solar power plants, hence increasing the production of solar energy in India.
There was a ceiling of Rs 48,000 for a ten-year period in the 2018–19 Budget.
However, the Central Government changed a few of this scheme’s current characteristics in March 2021.
The state has
Information
Name of the scheme
Kusum Yojana
Launched by
By Finance Minister Shri Arun Jaitley
category
central government scheme
Objective
Providing solar irrigation pumps at concessional prices
Applications for the Kusum Yojana can be submitted locally or online. Applications for leasing land and establishing a solar power plant are accepted under this program. RREC will publish a list of all the applicants who have registered to lease their land on the official website. Any citizen who wishes to lease property for the purpose of establishing a solar power plant can obtain the list of applicants from the RREC website, connect with the registered applicants, and then submit an application to establish the plant.
The applicant will receive the Application ID once they completed the online registration process. If the applicant applies online, he must retain a copy of the application form safely with him. If the application was submitted offline, the applicant will receive a receipt, which they must keep secure. To apply, all necessary paperwork must be sent in with the application.
Under this initiative, to apply for a solar power plant, the applicant must pay GST and an application cost of ₹ 5000 per MW. Demand draft made out to Managing Director Rajasthan Akshay Urja Nigam will be used to make this payment. Applying for a 2 MW or more requires the following application fee.
Mega watt
Application fee
0.5 MW
₹ 2500+ GST
1 megawatt
₹5000 + GST
1.5 MW
₹7500+ GST
2 megawatt
₹10000+ GST
Features of PM Kusum Yojana
Initially, the national government was going to distribute 1.75 million off-grid agricultural solar pumps.
Farmers’ arid land will receive sunlight with a potential of roughly 10,000 MW.
The excess energy generated by the solar power plants that were installed on these barren regions will be purchased by state power distribution companies, or DISCOMS.
Also, DISCOMS will be eligible for subsidies to purchase this electricity.
Farmers that take part in this program will get a direct benefit transfer (DBT) payment of 60% of the cost of solar pumps into their bank accounts.
Farmers will get thirty percent of the subsidy amount as loans, with the federal and state governments receiving the remaining seventy percent.
Therefore, just 10% of the price
Three Components of PM Kusum Yojana
By 2022, the three program components should have added about 30.8 Gigawatts of solar capacity.
Component A: Ten thousand megawatt-plus decentralized ground-mounted renewable energy plants connected to the grid.
Component B calls for the installation of two million autonomous solar-powered farm pumps.
Component C consists of 1.5 million grid-connected solar-powered agricultural pumps.
What are the Benefits of the Kusum yojana?
Benefits of this strategy include the following:
The Indian government started building solar power facilities with a combined capacity of 28,250 MW.
A 30% loan and a 60% subsidy from the government will cover the entire cost.As a result, just 10% of the entire cost of installing solar pumps and plants goes toward our farmers.
According to the specifics of the KUSUM Scheme, our government will finance the installation of cutting-edge solar pumps.Their 720MV capacity makes them better for irrigation.
Through this program, our farmers can sell our government the excess electricity their plants produce.This guarantees our farmers’ revenue growth potential.
Using unused and desolate land, a landholder in a rural location can generate a steady income
Production of solar energy will become more decentralized thanks to the PM Kusum Yojana.
DISCOMS transmission losses will also be reduced.
Additionally, DISCOMS will have less of a burden from subsidies, particularly in the agriculture industry.
Additionally, farmers will be able to increase their non-agricultural revenue by selling DISCOMS the excess energy they produce.
Groundwater eventually runs out more rapidly as a result of the substantial subsidies provided to the agriculture sector, which makes things more expensive for discoms.
However, PM Kusum Yojana would make sure that farmers’ financial situation also gets better.
In the end, this will improve India’s chances for a green economy and help it fulfill its obligations under the Paris Agreement.
Furthermore, PM Kusum Yojana would ensure that farmers become less dependent on the diesel pumps that are already in use.
This will ensure water conservation as well as water and energy security.
Objectives of PM Kusum Yojana
The PM Kusum Yojana’s primary goal is to help farmers install off-grid solar pumps in rural areas so they may become less reliant on grid-connected areas.
Ensuring the farmers’ financial and water security is one of the scheme’s key goals.
Additionally, under PM Kusum Yojana, farmers will be able to install solar power generation equipment on otherwise unusable land and sell the electricity they generate to electricity companies.
As a result, the plan will also guarantee that farmers’ non-agricultural revenue increases significantly.
Eligibility for Kusum Yojana
India must be the applicant’s permanent home.
Under the Kusum Yojana, an application may be made for a solar power plant with a capacity of 0.5 to 2 MW.
In accordance with the amount of land he owns or the capacity announced by the distribution business, the applicant may request up to 2 MW of capacity (whichever is less).
Every MW will require about two hectares of land.
This strategy does not need the project to meet any financial requirements through personal contribution.
Should the applicant is developing the project via a developer, the developer’s net worth needs to be at least Rs 1 crore for each megawatt-hour.
Important documents
Aadhar card
Ration card
copy of registration
authorization letter
copy of land deed
A certificate of net worth from a chartered accountant (if the project was constructed by the developer)
By following the steps listed below, interested parties can apply for the KUSUM Scheme:
First, navigate to the registration part of the official portal by clicking on it.
Step 2: Provide all the information requested on the registration form that displays on your screen.
Step3: Click “Submit” after checking the declaration box.
Step4: To access the Solar Agricultural Pumpset Subsidy Scheme 2021, click “login” after registration.
Step Five: Fill out the online application form completely, attach all required supporting documentation, and submit.
Helpline Number
Contact Number- 011-243600707, 011-24360404
Toll-Free Number- 18001803333
FAQs
Q:-When was Kusum Yojana started?
Ans:- In order to ensure water and financial stability, the Ministry of New and Renewable Energy launched the KUSUM scheme in 2019 after receiving approval from the Cabinet Committee on Economic Affairs.
Q:- Is PM Kusum a centrally sponsored scheme?
Ans:- One of the largest efforts by the Indian government to supply over 35 lakh farmers with clean energy from solar electricity to run their agricultural pumps is the PM Kusum Yojana. By December 31, 2022, the initiative intends to install 30.8 GW of solar capacity with financial support totaling Rs 340.35 billion.
Q:- How many people are covered by the Kusum Scheme?
Ans:- The KUSUM initiative covers about 15% of all Indian farmers whose solar power output capacity exceeds 3 HP.
Q:- What is the subsidy amount given under Kusum Scheme?
Ans:- The central and state governments will split the 60% subsidy awarded to Kusum program participants. The other 30% will be provided as a loan, so the farmers will only be responsible for 10% of the total expense.
Q:-Are offers made from the bank account of Kusum Yojana?
Ans:- Under the KUSUM program, all public sector banks, cooperative banks, regional rural banks, and small financing banks offer advantages nationwide.
Q:- Can we sell solar energy to the Government of India?
Ans:- Indeed, farmers are able to sell the excess energy produced by their solar plants straight to the Indian government.One of the biggest advantages of the KUSUM Scheme is that it will enable our farmers to make more money.