Agriculture World

How Farmers Can Earn Lakhs Through This Government Scheme; Loan and subsidy Available

Pronami Chetia
Pronami Chetia
money

Being an agrarian country where half of the population still depends on agriculture, farmers of India plays an important role in the growth of its economy. However, half of the farmer's population are still fighting against poverty, harsh weather challenges and water scarcity.

Viewing these problems, central government had started PM Kusum scheme (Pradhan Mantri Kisan Urja Suraksha evemUtthanMahabhiyan) to eradicate water problems from farm lands across remote areas through solar pumps.

Modi government has launched this new scheme not only to eradicate water problems but also to increase the income of farmers. Farmers' income can be doubled under this scheme. The Central Government has recently launched PM Kusum Yojana under the Garib Kalyan Rojgar Abhiyan.

This scheme helps farmers to put solar panels on barren land. Through solar panels, farmers can generate electricity themselves to irrigate their fields. Apart from this, they can also earn by selling additional power. In this scheme, farmers have to charge only 10% of the total cost. The remaining 90 percent subsidy will be provided by the government in the farmers' account. PM-Kusum yojana registration can be done by visiting the official website.

Let's know about this scheme in detail.

Produce electricity from solar panel

Farmers use electric or diesel-powered motor pumps to irrigate fields. If farmers do not use motor pumps, their crop may get destroyed if there is not enough rain. The electricity which are available to the farmers by installing solar panels can be used to run motor pumps. Hence, this will save expenses on electricity and diesel.

You can earn from selling electricity

Once the solar panel is installed, it works for 25 years. In this, electricity is produced through sunlight. The power from the solar panel can be used by the farmers for running their motor pumps and other needs, if more power is produced, they can also sell it to the Electricity Distribution Company (DISCOM). This can lead to significant income for the farmers.

solar pump

Loan and subsidy facility

The scheme is run by the Ministry of Rural Development, Government of India. Under the PM-Kusum scheme, the central government will provide 30 percent subsidy on the total cost for installing solar panels, while the state government will also provide 30 percent subsidy. Banks can take loans up to 30% of the total cost for installing solar panels. In this way, farmers will have to invest only 10 percent of it.

No maintenance expenses

Once the solar panel is installed, there is no cost for its maintenance. A solar panel works for 25 years. After 10 years, it's battery has to be changed only once. The farmers can repay the bank loan in 5-6 years by selling the extra power from the solar panel.

Better for the environment

The government is promoting solar panels because it does not harm the environment. There is no separate cost to make electricity from natural sources. The electricity generated by this can be used by farmers to run many appliances in their homes.

Benefits of PM Kusum Yojana

The Kusum scheme of the central government is better in many ways from getting free electricity for irrigation to earn a good money by selling it to the power grid. If a farmer has barren land, it can be used to install more solar panels.

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