Government Support
- Component-A: Government will give funds to DISCOMs for the first five years for buying electricity from producers. It will give 40 paise/kWh or Rs. 6.60 lakhs/MW/year, whichever is less.
- Component-B & C: Central and State governments will fund 30% of the cost and the rest 40% will be paid by the owner, but in J&K, Himachal, Uttarakhand, Sikkim, North Eastern States, Andaman & Nicobar, and Lakshadweep Central government will fund 50% of the cost, the state government will give 30% and rest 20% will be paid by owner.
Kusum Scheme
In the budget of 2018-19 Ministry of New and Renewable Energy announced a new scheme for farmers of the country, named Pradhan Mantri Kisan Urja Suraksha and Utthaan Mahabhiyan commonly known as the PM-KUSUM scheme. This scheme focuses on the decentralized solar power plant for the production of electricity which will help the farmers. The final approval for this scheme was given on 8th March 2019.
Under this scheme, individual farmers/groups of farmers/panchayats/cooperatives/Water User Association/Farmer Producer Association can set up small renewable energy-based power plants on their barren or cultivated lands.
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