InvestorQ : What is the PM Kusum scheme announced in Budget2020 & how it is benefited for farmers?
Pavithra Prabhakaran made post

What is the PM Kusum scheme announced in Budget2020 & how it is benefited for farmers?

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Tanu Shukla answered.
1 year ago
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In the Union Budget 2020, the FM has announced PM KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme for the benefit of farmers. This scheme aims at increasing the income of farmers and to provide farmers with a reliable source for irrigation and de-dieselize the farm sector. 

The said scheme has three components:

Component A – setting up of 10,000 MW of Decentralized Grid-Connected Renewable Energy Power Plants on barren land: Under this component, renewable energy-based power plants (REPP) of capacity ranging between 500 KW to 2 MW will be set up by individual farmers/group of farmers / Panchayats/cooperatives, etc. on barren/fallow land. 

Component B – installation of 17.50 lakhs stand-alone for installing standalone solar Agriculture pumps of capacity up to 7.5 HP for replacement of existing. One can also set up pumps of higher capacity, however, the support shall be limited to 7.5 HP capacity.

Component C – Solarisation of 10 Lakh Grid-connected Agriculture Pumps: Under this component, those individual farmers having a grid-connected agriculture pump will be supported to solarize pumps.
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