PM Kusum Scheme Update 2023: Government has increased the benefits of Kusum scheme, see full details here, know

PM Kusum Scheme Update 2023: Government of India launched a scheme called PM Kusum Yojana (PM Kusum Yojana) for solar pumps for irrigation of farmers! Under this scheme, the farmers of the country will be encouraged to buy solar pumps for irrigation. Farmers will be provided assistance by the government to buy solar pumps!

PM Kusum Scheme Update 2023

This PM Kusum Yojana (PM Kusum Yojana) was announced by the Central Government in the budget of 2019 by former Finance Minister Arun Jaitley! He said while announcing this scheme! That the farmers of the country will be motivated to buy solar pumps for irrigation! Because solar scheme will make electricity available to the farmers for free! This facility will make it easier for the farmers to irrigate. Due to which the farmers will be benefited to a great extent.

budget of kusum scheme

A provision of Rs 10,000 crore has been kept for this PM Kusum Yojana. This budget has been released by the central government! This farmer scheme is being operated by the Ministry of Agriculture and Energy. Up to 3 crore solar pumps will be made available to the farmers under this scheme.

Objective of Pradhan Mantri Kusum Yojana

Most of the farmers of the country are either dependent on rain for irrigation. Or in PM Kusum Yojana (PM Kusum Yojana) they have to use diesel powered irrigation equipment! Due to this, the farmers have to take care of the crop along with meeting the cost of electricity and other expenses on the equipment. Due to these irrigation equipments, the cost of the crop increases while their income does not increase.

PM Kusum Scheme Update 2023

This scheme has been started to help the farmers and to make them aware of the new irrigation equipment. The main objective of PM Kusum Yojana (PM Kusum Yojana) is to increase the income of farmers by using modern irrigation equipment instead of ancient irrigation equipment.

Benefits of Pradhan Mantri Kusum Yojana

Solar panels will be made available to the farmers under this PM Kusum Yojana.
Financial assistance will be provided by the government to meet the expenses on solar panels.
Under this scheme, 60% of the cost of solar pump will be paid by the central government, the remaining 30% loan will be made available to the farmers.
Only 10% will be paid by the farmers!

Kusum Yojana will be very beneficial for those places where there is a problem of electricity because the solar panels that will be installed to run the solar pump,
Electricity will be ready for those solar panels!
Free electricity will be available to the farmers by installing solar panels.
Farmers will be able to install solar panels of 1 MW capacity in their fields.

Guidelines issued under Pradhan Mantri Kusum Yojana

The benefit of this PM Kusum Yojana (PM Kusum Yojana) will be given only to the farmers of the country!
Most of the solar solar panels (Solar Scheme) will be installed in barren land!
Farmers will have to pay 10% to buy solar panels.
The beneficiary farmer will have to submit a copy of all the documents related to his land.

PM Kusum Scheme Update 2023

By starting the PM Kusum Yojana (PM Kusum Yojana), the central government has tried to get the farmers rid of the old equipment! With the facility of Solar Panel (Solar Scheme), it will be easier for the farmers to irrigate! The states where there is shortage of water! There the farmers will be installed with solar panels! Due to which farmers will not have to depend on rain for irrigation.

PM Kusum Yojana

Farmers’ income will increase! Along with the installation of solar panels in the barren land, the barren land will also be put to good use! Farmers can also produce electricity and sell it to the electricity department. Due to which the farmers (Farmer) will be benefited by selling electricity along with the crop. Farmers will be able to get ₹ 80,000 annually just by producing electricity! Thus this PM Kusum Yojana (PM Kusum Yojana) is very beneficial!