PM-KUSUM Scheme

Posted on February 4, 2023 by admin1 3666

In News

The deadline for The Pradhan Mantri Kisan Urja Suraksha Evam Uttham Mahabhiyan (PM-KUSUM) scheme to install 30,000 MW solar power capacity in rural India by 2022, has now been pushed to 2026 due to Covid- 19.

About PM-KUSUM

It is a scheme by the Ministry of New and Renewable Energy launched in 2019.
It is aimed at ensuring energy security for farmers in India, along with India’s commitment to increase the share of installed capacity of electric power from non-fossil-fuel sources to 40% by 2030 as part of Intended Nationally Determined Contributions (INDCs).

The Scheme consists of three components:

Component A: Addition of 10,000 MW of solar capacity through installation of small solar power plants of capacity up to 2 MW. Procurement Based Incentive (PBI) will be provided for the first five years by MNRE to DISCOMs, for buying the power from farmers/developers.
Component B: Installation of 20 lakh standalone solar powered agricultural pumps.
Component C: Solarisation of 15 lakh existing Grid-connected Agriculture Pumps.
Centre’s Assistance of 30%, State Government subsidy 30%; Remaining 40% by the farmer will be provided in component B and C.
In North Eastern States, Sikkim, J&K, Himachal, Uttarakhand, Lakshadweep and A&N Islands, Centre’s assistance of 50%, State Government subsidy 30%, Remaining 20% by the farmer.

Expected Outcomes

Employment Generation: The scheme has direct employment generation potential upto 7.55 lakh jobs for skilled and unskilled workers.
Enhancing farmers’ income is one of the most important policy priorities of the Government. PM-KUSUM will serve this objective by replacing high cost diesel with less expensive solar energy.
Day-time power: Providing solar panels for irrigation under PM-KUSUM would result in day-time reliable power to farmers making irrigation easier for them and also avoiding overuse of water and power.
Reducing Carbon Emissions: PM-KUSUM will lead to reducing carbon emissions by as much as 32 million tonnes of CO2 per annum.
Boost to domestic production: PM-KUSUM has a mandatory requirement for deploying domestically produced solar cells and modules under Component B and C. This will create demand for domestically produced solar cells and modules and thus give fillip to domestic solar manufacturing.

Previous article Yaya Tso to become Ladakh’s First Biodiversity Heritage Site

Next article PM Particularly Vulnerable Tribal Group launched in Mission Mode

Other News of the Day

In News Union Home and Cooperation Minister will reach Deoghar in Jharkhand to lay the foundation stone of the IFFCO nano urea liquid fertiliser plant in Jasidih. About IFFCO Nano Urea IFFCO Nano Urea is the only Nano fertilizer approved by the Government of India and included in the Fertilizer Control Order (FCO). It is...
Read More

In News Mahanadi Coalfields Ltd (MCL), the premier CPSE under the Ministry of Coal has introduced drone technology in coal mines. Engaged in coal mining activities in Sundergarh, Jharsuguda and Angul districts of Odisha, Mahanadi Coalfields Ltd (MCL) contributes more than 20 % of the total coal produced in India. About Technology The technology has...
Read More

In News Recently, Adani Enterprises canceled its Rs 20,000 crore Follow-on Public Offer. It came after the shares of the firm declined following allegations of accounting fraud by US short-seller Hindenburg Research. What is a Follow-on Public Offering (FPO)? A Follow-on Public Offering (FPO) is the issuance of shares to investors by a company listed...
Read More

In News Recently an eight-millimetre capsule has been recovered in Western Australia which was lost earlier. It contained radioactive Caesium-137 which was released during the Chernobyl and Fukushima nuclear disasters. About Caesium Caesium is a soft, flexible, silvery-white metal that can easily form bonds with chlorides to create a crystalline powder. There is only one...
Read More

In Context The Biodiversity Management Committee, the panchayat of Chumathang village, along with SECURE Himalaya Project recently resolved to declare Yaya Tso as Ladakh’s first Biodiversity Heritage Sites (BHS) under the Biological Diversity Act. About Yaya Tso is also known as birds’ paradise for its beautiful lake and is located at an altitude of 4,820...
Read More

In News The Finance Minister announced the launch of a new scheme called the Pradhan Mantri PVTG (Particularly Vulnerable Tribal Groups) Development Mission as part of the Union Budget 2023-24. More about the Mission A fund of Rs 15,000 crore for the next three years has been allocated for the socio-economic development of the group....
Read More

In Context A Fact Sheet prepared by TRAFFIC, a global wildlife trade monitoring organisation has revealed the issue of Red Sanders illegal trade. TRAFFIC was established in 1976 by WWF and IUCN as a wildlife trade monitoring network to undertake data collection, recommendations on wildlife trade. About The CITES trade database has recorded 28 incidents...
Read More

In News The Ministry of Electronics & Information Technology (MeitY), and Meta have announced the list of 120 startups for the Extended Reality (XR) Startup Program. Extended Reality (XR) Extended reality (XR) is an umbrella term for any technology that alters reality by adding digital elements to the physical or real-world environment . Extended reality...
Read More

In News Recently, the Ministry of Science and Technology informed the Rajya Sabha about the presence of India’s space debris About As per the government, India has 111 Payloads, 105 Space Debris Objects Orbiting Earth which can have an impact on the sustainability of outer space and future missions. ISRO and academia has been carrying...
Read More

In News Recently, 2023-24 Union Budget speech, the finance minister announced that the total central government budget for health will be roughly be Rs 615 for every citizen. More about the news About: In her 2023-24 Union Budget speech, the finance minister announced that the total central government budget for health will be roughly Rs...
Read More