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What is Pradhan Mantri KUSUM Yojana?
Pradhan Mantri KUSUM Yojana, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme was started by the Indian Government. Pradhan Mantri KUSUM Yojana was initiated to increase the income of farmers and provide seeds for fertilization and de-dieselize the farm sector.
Pradhan Mantri KUSUM Yojana’s organizational approval was passed in March 2019. And the guidelines of this scheme were composed in July 2019. Pradhan Mantri KUSUM Yojana scheme was launched by the Ministry of New and Renewable Energy (MNRE).
The primary motive of this scheme is the installation of solar pumps and other renewable power plants across the nation. This scheme is separated into three segments.
The aim of Pradhan Mantri KUSUM Yojana is to add solar and other renewable capacities of 25,750 MW by 2022. The scheme includes central financial support of Rs. 34,422 Crore. This amount includes service charges to the implementing agencies.
Pradhan Mantri KUSUM Yojana Objectives:
Farmers, groups of farmers, panchayat, cooperative societies can involve to cultivate a solar pump under Pradhan Mantri KUSUM Yojana. The total cost required for this scheme is divided into three categories in which the Government will help farmers.
60% of the project amount will be provided by the government to the farmers and 30% of the expense will be given by Government in form of loans. Farmers will only have to deliver 10% of the total cost of the project.
The electricity developed from the Solar Panel can be sold by the farmers. The money earned after selling electricity can be used for starting a new business by the farmers.
Pradhan Mantri KUSUM Yojana Benefits:
- Pradhan Mantri KUSUM Yojana opens a stable source of income to the farmers for a period of 25 years
- This scheme will utilize the dry and uncultivated land of the rural landowners
- Farmers can also grow crops if cultivated fields are chosen for the solar power project
- There will be no harm to the crops as the solar panels are to be set up above a minimum height
- With this scheme, sufficient power energy will be supplied to the rural load centers and agriculture pump-set loads
- As these power plants will be located closer to the agriculture loads result in reduced Transmission losses for STUs and Discoms
- The scheme will also help the Discoms to achieve the RPO target
- The solar pumps will save the cost spend on diesel for running pumps
- And also prevents the harmful pollution caused by running diesel pumps
- Provides a trustworthy source of irrigation through solar pumps to the farmers
- This scheme will help 17.5 lakh farmers over a duration of four years, without adding to the grid load
Pradhan Mantri KUSUM Yojana Components:
The Scheme consists of three components-
- Component A:
10,000 MW of Decentralized Ground Mounted Grid Connected Renewable Power Plants of individual plant size up to 2 MW. - Component B:
Installation of 17.50 lakh standalone Solar Powered Agriculture Pumps of individual pump capacity up to 7.5 HP. - Component C:
Solarisation of 10 Lakh Grid-connected Agriculture Pumps of individual pump capacity up to 7.5 HP.
Pradhan Mantri KUSUM Yojana Implementation:
State Nodal Agencies (SNAs) of MNRE will coordinate with States/UTs, Discoms, and farmers for implementation of the scheme.
Components A and C of the Scheme will be executed in Head mode till 31st December 2019. Component B, which is a continued sub-agenda, will be executed totally without going through pilot mode.
Component A:
- Renewable power projects of capacity 500 kW to 2 MW will be set up by individual farmers/groups of farmers/ cooperatives/ panchayats/ Farmer Producer Organisations (FPO).
- If the above entities are not able to organize the required for setting up the REPP, they can opt for developing the REPP through developer(s) or even through local DISCOM, which will be considered as RPG in this case.
- DISCOMs will notify sub-station-wise surplus capacity which can be fed from such RE power plants to the Grid and shall invite applications from interested beneficiaries for setting up the renewable energy plants.
- The renewable power generated will be bought by DISCOMs at a feed-in-tariff (FiT) specified by the individual State Electricity Regulatory Commission (SERC).
- DISCOM would be eligible to get PBI @ Rs. 0.40 per unit purchased or Rs. 6.6 lakh per MW of capacity installed, whichever is less, for a period of five years from the COD.
Component B:
- Individual farmers will be sustained to install standalone solar Agriculture pumps of capability up to 7.5 HP.
- CFA of 30% of the standard cost, whichever is lower, of the stand-alone solar Agriculture pump, will be provided.
- The State Government will give a contribution of 30%, and the remaining 40% will be delivered by the farmer.
- Bank finance may be made available for farmers’ contribution, so that farmer has to originally pay only 10% of the cost and remaining up to 30% of the cost as a loan.
In the North-Eastern States, Jammu & Kashmir, Sikkim, Himachal Pradesh, and Uttarakhand, Lakshadweep and A&N Islands,
- CFA of 50% of the benchmark cost or the tender cost, whichever is lower, of the stand-alone solar pump, will be provided.
- The State Government will give a contribution of 30%, and the remaining 20% will be provided by the farmer.
- Bank finance may be made available for farmers’ contribution, so that farmer has to pay only 10% of the cost and remaining up to 10% of the cost as a loan.
Component C:
- Individual farmers having grid-connected agriculture pumps will be helped by solar pumps.
- Solar PV capacity up to two times of pump capacity in kW is allowed under the scheme.
- The farmer will be able to use the developed solar power to meet the irrigation needs and the extra solar power will be sold to DISCOMs.
- CFA of 30% of the standard cost or the tender cost, whichever is lower, of the solar PV component, will be provided.
- The State Government will give a contribution of 30%, and the remaining 40% will be delivered by the farmer.
- Bank finance may be made available for farmers’ contribution, so that farmer has to initially pay only 10% of the cost and remaining up to 30% of the cost as a loan.
In the North-Eastern States, Sikkim, Jammu & Kashmir, Himachal Pradesh, and Uttarakhand, Lakshadweep and A&N Islands,
- CFA of 50% of the benchmark cost or the tender cost, whichever is lower, of the solar PV element, will be provided.
- The State Government will give support of 30%, and the remaining 20% will be delivered by the farmer.
- Bank finance may be made available for farmers’ subsidy, so that farmer has to pay only 10% of the cost and remaining up to 10% of the cost as a loan.
How to Register/Apply for PM Kusum Yojana?
-For the Pradhan Mantri KUSUM yojana online application or Pradhan Mantri KUSUM yojana, online registration application visit the PM KUSUM Yojana Official Website.
-First, you need to fill the Application form online.
-After that, you have to fill in the essential information like land documents, an Aadhaar card, a declaration form, a bank account passbook, etc.
-Once the application form and documents are approved, you will get registered under PM Kusum Yojana.
How to Get an MNRE Certificate?
The Ministry of New and Renewable Energy (MNRE) is a ministry under the Government of India that is related to all matters of new and renewable energy. The MNRE certificate can be obtained after MNRE registration by visiting its official website.
Applicants can also visit the nearest bank offering loans under this scheme to fill and submit the loan application form along with required documents as defined by the bank.