Subsidy

Solar Subsidy - PM-KUSUM

As of my last update, the Prime Minister of India has initiated several schemes and subsidies to promote solar energy adoption across the country. One of the key schemes is the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme, which aims to support farmers in installing solar power plants on their barren or cultivable land. Here's how you can apply for the solar subsidy under this scheme and how it works:

1. Eligibility Criteria:

• The PM-KUSUM scheme primarily targets farmers across India.
• Farmers owning barren or cultivable land are eligible to apply.

2. How to Apply:

• The application process for the PM-KUSUM scheme varies from state to state.
• Interested farmers can typically apply through the respective state nodal agencies or designated online portals.
• They need to submit necessary documents such as land ownership papers, identification proof, and bank account details along with the application.

3. Subsidy Amount:

• The subsidy amount provided under the PM-KUSUM scheme varies depending on factors such as the capacity of the solar power plant and the state's policies.
• Generally, farmers can avail of subsidies ranging from 30% to 70% of the project cost.
• The subsidy is directly transferred to the beneficiary's bank account after successful installation and verification of the solar power plant.

4. Working of the Subsidy:

• Once the farmer's application is approved, they can proceed with the installation of the solar power plant.
• After installation, the plant undergoes inspection and verification by the designated authorities to ensure compliance with the scheme's guidelines.
• Upon successful verification, the subsidy amount is disbursed directly to the farmer's bank account.
• The subsidy effectively reduces the upfront cost of installing the solar power plant, making it more affordable for farmers to adopt renewable energy solutions.
• The solar power generated by the installed plants can be used for irrigation, powering agricultural equipment, and meeting other energy needs, thereby reducing reliance on traditional energy sources and lowering electricity bills.

It's important to note that besides the PM-KUSUM scheme, there are other solar subsidy schemes and incentives available at both the central and state levels in India. Farmers and other stakeholders interested in availing solar subsidies should stay updated on the latest schemes and guidelines issued by the government and respective authorities. Additionally, consulting with local agencies or solar energy experts can provide valuable assistance in navigating the subsidy application process.