PM KUSUM - Lending Rates

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