Sign In
Learn bits
Schemes & Policies
Mahesh

05/02/23 08:43 AM IST

PM-KUSUM scheme gets 3-year extension till 2026

In News
  • To boost the solar power installation in rural areas under Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) PM-KUSUM scheme, the government has extended it till March 2026.
PM-KUSUM
  • The centre had launched this scheme in 2019 to add solar capacity of 30,800 MW by 2022.
  • The government had planned to infuse ₹34,422 crore of funding in the scheme.
  • Objectives- Installation 20 lakh solar-powered agriculture pumps
  • Converting 15 lakh agriculture pumps, already connected to the grid, into solar.
  • It aims to enable farmers to set up solar power generation capacity on their arid lands and to sell it to the grid.
  • It also seeks to increase the income of farmers by allowing them to sell surplus solar power to the grid.
  • The scheme helps in achieving the aim by increasing India's share of solar power generation.
  • PM-KUSUM consists of three main components.
  • Component A focuses on the installation of 10,000 MW of solar capacity by setting up small power plants of capacity of 2 MW. These power plants will be set up by farmers, panchayats, cooperatives, farmer producers,etc, in barren land.
  • Component B lays emphasis on the installation of 20 lakh standalone solar-powered agriculture pumps. Under this component, government will support individual farmers in setting up solar pumps of a capacity up to 7.5 HP.
  • Under component C, the government will work for the solarisation of 15 lakh grid-connected agriculture pumps.
Significance
  • It incentivises the farmers to sell surplus solar energy to the states, which in turn will augment their income.
  • The scheme is expected to increase access to electricity in rural areas and provide a reliable source of energy for agriculture and other rural activities
  • The scheme is expected to create job opportunities in the installation, maintenance, and operation of solar power projects.
  • The scheme is expected to empower rural communities by giving them control over their own energy generation and distribution.
Source- LiveMint

More Related Current Affairs View All

05 Mar

First-ever comprehensive survey of India’s river dolphins

'Prime Minister Narendra Modi released the results of the first-ever comprehensive population estimation of riverine dolphins – Gangetic and Indus dolphins – done in In

Read More

05 Mar

Arresting women at night

'The Madurai Bench of the Madras High Court in Deepa versus S. Vijayalakshmi and Others ruled that the legal provision in the Bharatiya Nagarik Suraksha Sanhita (BNSS), 2023, which

Read More

05 Mar

Digital Personal Data Protection Act, 2023

'The Ministry of Electronics and Information Technology (MeitY) looking to wrap up public consultations on the draft Rules for the Digital Personal Data Protection Act, 2023 by Mar

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps