PM Kusum Yojana 2024: Objective, Online Registration, Features, Eligibility, Benefits and New Update
PM Kusum Yojana
PM Kusum Yojana: Offering farmers solar pumps that run on solar energy for irrigation is the primary goal of the Kusum Yojana. The 3 crore irrigation pumps that run on petrol and diesel will be replaced with solar energy pumps as part of this project by the federal government and the state government of Rajasthan. Under this Kusum initiative, the nation’s farmers who previously used petrol or diesel to power their irrigation pumps would now use solar energy to do so. 1.75 lakh diesel and gasoline-powered pumps around the nation will be powered by solar energy in the initial phase of this project.
The state government’s goal under the Kusum Yojana is to replace 3 crore agricultural pumps and 17.5 lakh diesel pumps with solar pumps during the next ten years. This is a significant program for Rajasthani farmers. An initial budget of Rs. 50 thousand crores were set aside by the government to build solar pumps in the state’s farmers’ fields and to promote solar products. Completed In the budget year 2020–21, this program will assist 20 lakh farmers in the state with the installation of solar pumps.
Information about Pradhan Mantri Kusum Yojana
Name of Scheme
Kusum Yojana
Launched by
By Finance Minister Shri Arun Jaitley
category
central government scheme
Objective
Providing solar irrigation pumps at concessional prices
Under the PM Kusum Yojana, the Central Government launched the initiative to give the farmer brothers completely free electricity. As part of the program, farmers will be able to irrigate their fields with solar panels from the government, allowing them to successfully grow bumper crops by scheduling their irrigations on time. The farmer’s brother will likewise receive the price if he creates a grid and sends it in under the plan. Within the next ten years, the government hopes to convert more than 17.5 lakh diesel pumps and 3 crore agricultural pumps to solar energy through the Pradhan Mantri Kusum Yojana.
Components of Pradhan Mantri Kusum Yojana
The Pradhan Mantri Kusum Yojana consists of four primary components, details of which are provided below.
Distribution of Solar Pumps: The Central Government, working with the Electrical Department, will effectively distribute solar-powered pumps during the first phase of the Pradhan Mantri Kusum Yojana.
Modernization of current pumps: New solar pumps will be built to replace the outdated ones, and the currently present pumps will be updated.
Building of a solar energy plant: A solar energy factory with a good capacity to create electricity will also be built.
Construction of tube wells: The government will also construct tube wells, which will produce a restricted quantity of power.
Features of Pradhan Mantri Kusum Yojana
Earnest Money:
If an individual funds the installation of a solar energy unit via his means under this plan, he would deposit earnest money at the rate of Rs 1,00,000 per MW. This must be provided in the form of a bank guarantee with a minimum six-month validity as well as a demand draft.
Performance Security Sum:
The successful candidates will receive their money back after 15 days of signing the PPA. In addition, SPG would need to deposit a project execution security amount at the rate of Rs 5,00,000 per MW to set up a solar energy unit. This money’s 15-day validity period will begin when the project begins.
they benefit from this program in two ways:
first, their crops develop properly and they receive fair prices for them; second, they can water their fields whenever they want with the help of solar pumps that they receive. This program allows farmers to water their fields even in the absence of electricity.
Setting up a pump set in the field:
A pump set with a power range of 3 to 7.5 horses is being installed as part of the program. To meet demand, farmers must deposit ₹ 20549 for 3 horsepower, ₹ 33749 for 5 horsepower, and ₹ 46687 for 7½ horsepower. Farmers can place pump sets in their fields only after this.
Installing a solar electricity unit:
Upon submitting an application under Pradhan Mantri Kusum Yojana, the relevant department grants the SPG a letter of authorization to install a solar energy unit. This authorization is good for nine months. This indicates that the solar energy unit has to be operational in nine months. There will be a penalty to pay if the unit is not installed in the allotted time. The application may be revoked at any moment if SPG submits inaccurate documentation.
Pradhan Mantri Kusum Yojana benefits would be available to farmer brothers in all states of the nation.
Farmers who participate in this program will receive solar irrigation pumps for a very low price.
Over 10 lakh solar pumps will be solarized as part of the program.
Over 17,00,000 irrigation pumps—which were formerly run by diesel—will be switched over to solar power during the program’s initial phase. As a result, the amount of diesel used in these areas will significantly decline.
As a result of the plan, additional electricity will be generated.
If a farmer installs solar panels as part of this program, the government would provide him with 60% of financial help, while around 30% of financial assistance will come from
Farmers in such states, where there is little rainfall or where there isn’t enough electricity for irrigation, will benefit the most from this initiative.
Farmers will have easy access to electricity 24 hours a day with the construction of the solar plant, enabling them to irrigate their fields whenever they choose.
Farmers will have the option to sell any excess electricity produced by their solar panels to either the public or private electricity department.
In order to make use of barren land and enable farmer brothers to profit from their barren land, the solar panels that will be placed as part of this project will only be erected on barren land.
Eligibility of Kusum Yojana
The candidate needs to stay in India completely.
Candidates may additionally observe solar electricity vegetation with an ability of 0. .five MW to 2 MW under the kusum yojana.
The applicant might also request a 2 MW potential by the amount of land he owns or if less, the capacity announced by the distribution corporation.
For each MW, approximately hectares of land may be wished.
There is no financial qualification needed for the venture via personal investment beneath this approach.
The developer’s internet worth should be rs 1 crore in keeping with mw if the applicant is developing the assignment through a developer.
important documents
Aadhar card
Ration card
copy of registration
authorization letter
copy of the land deed
A chartered accountant’s net worth certificate (if the project was developed through the developer)
mobile number
Bank account statement
passport size photograph
Process of online application under Rajasthan Kusum Yojana
Interested state beneficiaries who would like to apply for the Kusum Yojana should use the procedure outlined below.
The applicant should first go to the scheme’s professional website. you will be offered the main web page after accessing the professional website.
You could sign in online by clicking the “online registration” choice on this home web page. following that, you’ll want to fill out the software shape with all of the asked data, which includes your call, cope with, Aadhar card quantity, cellular range, etc.
After filling in all the information, press the publish button. After successful registration, you can give 10% of the cost of the solar pump units to the branch-approved suppliers on behalf of the selected beneficiaries.
After that, in some days, solar pumps can be positioned in our fields.
The process to apply under the Uttar Pradesh Kusum Yojana
The Uttar Pradesh Kusum Yojana official website must be visited first.
The primary display will now appear in front of you.
You need to select the programme option from the primary page.
Then you definitely need to pick out the sun strength programme choice.
You will next need to select the Kusum Yojana option.
You will now be redirected to a new page where you must click the link to register.
The registration shape will now seem earlier than you.
All vital records need to be crammed out in this shape.
It’s miles now essential so one can add each and each file.
Then you definitely need to select the “sign up” choice.
You can sign in for the Uttar Pradesh kusum yojana in this way.
MP Kusum Yojana Online Application
You must first visit the scheme’s official internet site as a way to practice.
The internet site’s foremost web page will appear on your display screen.
You now need to pick the web utility alternative from the homepage.
Following this, a brand new page will appear where you have to enter all the data required.
Then you definitely want to verify the records that become given.
We have provided you with all the pertinent facts about Kusum Yojana in this article. You can reach Kusum Yojana’s helpline at the following number if you’re still having issues.
Contact Number- 011-243600707, 011-24360404
Toll-Free Number- 18001803333
FAQ’s
Q: What drawbacks does the Kusum scheme have?
Ans: Exclusion of Small and Marginal Farmers: A significant number of small and marginal farmers have been left out of the program since it focuses mostly on pumps with 3 HP and higher capacity. This implies that the majority of farmers—nearly 85% of them—are not receiving solar pumps.
Q: Kusum Yojana: Is it exclusive to farmers?
Ans: The KUSUM Scheme is open to the following eligible categories: individual farmers. a farm team. Farmer-Producer Organisation, or FPO.
Q: Does Kusum Yojana make money?
Ans: There is no question about the project’s viability if you own property and have some money to invest. It will be entirely profitable for you to run this business with this kind of consistent performance. A 1 MW solar power plant would cost between 3.5 and 4 crores to install.