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Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan-(pmkususm)
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PM KUSUM (Pradhan Mantri Kisan Urja
Suraksha evam Utthan Mahabhiyan)

To meet farmer’s contribution towards - solarisation
of grid connected agriculture pumps

Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM)

The Ministry of New and Renewable Energy (MNRE), Government of India, has launched the scheme to encourage farmers to increase their additional source of income by utilizing their barren and un-cultivable land for solar or other renewable energy based power plants while selling their surplus renewable energy power to DISCOMS.

The loan can be used to meet farmers contribution towards:

The transformation of grid-connected agricultural pumps to solar power is a significant initiative under the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme.
Installation of stand- alone solar agriculture pumps and for solarisation of grid connected agriculture pumps
Installation of solar power plants on barren/fallow land or in stilt fashion on agriculture land owned by farmer

Service of relationship manager

Low margin required from customer

Cash flow based repayment schedule

Helps generate additional income

Product Features

Type of Facility	Term Loan
Assistance	Central Financial Assistance : 30% of the benchmark cost or the tender cost whichever is lower of the standalone agriculture pump State Government : 30% of the benchmark cost or the tender cost whichever is lower of the standalone agriculture pump Farmers Contribution : 40% (Bank finance: 30% and farmer initial payment: 10%) Subsidy for North Eastern states, Sikkim, J&K , HP, Uttarakhand, Lakshwadeep and A&N islands Central Financial Assistance : 50% of the benchmark cost or the tender cost whichever is lower of the standalone agriculture pump State Government : 30% of the benchmark cost or the tender cost whichever is lower of the standalone agriculture pump Farmer Contribution : 20% (Bank finance: 10% and farmer initial payment: 10%)
Eligibility	Minimum 5 acres of landholding
Other details	Non Agri income above 5 lakhs is mandatory if they use the funds for: Solarisation of Grid Connected agriculture pumps The scheme also promotes the installation of solar power plants on unproductive or fallow lands, or alternatively, in an elevated manner above agricultural fields owned by farmers, as part of the PM Kisan Urja Suraksha and Utthan Mahabhiyan Yojana's objectives to enhance sustainable and renewable energy sources in the agricultural sector.
Age	18-75 years (Co-borrower is needed if age > 60 years)
Primary Security	Hypothecation of assets created out of bank finance
Collateral Security	Agri collateral ( as per KCC guidelines)

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Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM)

Service of relationship manager

Low margin required from customer

Cash flow based repayment schedule

Helps generate additional income

Product Features

Important Links

Related Links

Progress with us Blog

NRE or NRO – Which Account Best Suits Your Needs?

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