Wednesday, April 25, 2018

The Kusum (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme was announced in the Union Budget in 2018. The scheme provides for 17.5 lakh off grid solar pumps to begin with. The Indian farmer will effectively bear only 10 percent of cost for solarising his agricultural pump under a scheme unveiled in the Budget 2018-19.

The government will spend Rs 48,000 crore over 10 years as central financial assistance (CFA) on the Kusum scheme which aims to encourage the use of barren land for setting up solar power plants. A similar amount will have to be given by the states and the financing institutions towards Kusum, which is to be put up to the cabinet for approval.

The scheme will have four components, including setting up 10,000 MW solar plants on barren lands and incentivising discoms to buy the electricity produced, distributing 17.5 lakh solar pumps, solarising exisiting pumps of 7,250 MW and government tube wells of 8,250 MW capacity.