PM-KUSUM Scheme

Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme was initiated by the Government of India to increase the income of farmers and provide sources for irrigation and de-dieselize the farm sector.

PM-KUSUM Yojana got its administrative approval in March 2019 and guidelines were framed in July 2019. This scheme was launched by the Ministry of New and Renewable Energy (MNRE) for the installation of solar pumps and other renewable power plants across the nation.

Under PM-KUSUM Yojana, farmers, groups of farmers, panchayat, and co-operative societies can apply to plant a solar pump. The total cost involved in this scheme is divided into three categories in which the Government will help farmers. The government will provide a subsidy of 60% to farmers and 30% of the cost will be given by Government in form of loans. Farmers will only have to give 10% of the total cost of the project. The electricity generated from the solar panel can be sold by the farmers. The money gained after selling electricity can further be used for starting a new business.

Below mentioned are the scheme benefits of PM KUSUM Yojana:

Component A

Component B

Component C

Source: Official website of Ministry of New and Renewable Energy under Government of India.

Component A:

For buying the power from farmers or developers, Procurement Based Incentive (PBI) @ 40 paise/kWh or Rs. 6.60 lakh/MW/year, whichever is less, will be provided for the first 5 years by MNRE to Distribution Companies of India (DISCOMs).

Component B & C:

• Finance Assistance of 30% of the benchmark cost or the tender cost, whichever is lower
• State Government subsidy of 30%
• Remaining 40% by the farmer

For farmers living in states, including J&K, Himachal Pradesh, Uttrakhand, North Eastern States, Sikkim, Lakshadweep and Andaman, and the Nicobar Islands, Central Finance Assistance of 50%, State Government subsidy 30%, rest 20% by the farmer.

Register/Apply for PM-Kusum Yojana

To register or apply under PM-KUSUM Yojana, you can register by visiting the official website of KUSUM Yojana at https://mnre.gov.in/ . After filling out the application form online, you will need to provide the necessary information, such as an Aadhaar card, and land documents, including Khasra Khatauni, 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. Else, applicants can 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 or lender.