Farmers should give 5 to 10 p.c quantity, 65 p.c mortgage can be given to farmers for photo voltaic pump



In Madhya Pradesh, Pradhan Mantri Krishak Mitra Surya Yojana has been carried out to cut back the electrical energy price of farmers and promote photo voltaic power. Farmers should pay…

Farmers should give 5 to 10 p.c quantity, 65 p.c mortgage can be given to farmers for photo voltaic pump

In Madhya Pradesh, Pradhan Mantri Krishak Mitra Surya Yojana has been carried out to cut back the electrical energy price of farmers and promote photo voltaic power. Farmers should pay solely 5–10% of the price of photo voltaic pump. The scheme will guarantee extra power use, transparency, affiliation with different schemes and financial financial savings.

Farmers will have to give 5 to 10 percent amount, 65 percent loan will be given to farmers for solar pump
Farmers will be capable of purchase photo voltaic pumps simply. (File picture)

Highlights

  1. Farmers should pay 5–10% for photo voltaic pumps.
  2. The state authorities will give 30% grant heart, remaining mortgage.
  3. Different agricultural work may even be doable with extra power.

Bhopal, Nayeduniya Consultant. In Madhya Pradesh, the Pradhan Mantri Krishak Mitra Surya Yojana has been carried out to cut back the price of farming and promote photo voltaic power. Beneath this scheme, farmers should pay solely 5 to 10 p.c quantity as contribution to put in photo voltaic pumps.

The Authorities of India will present 30 p.c grant, whereas as much as 65 p.c quantity can be made out there as financial institution mortgage on the federal government’s assure. The state authorities may even pay this mortgage specifically. The primary section will embody 1.5 lakh short-term agricultural pump connection holders.

The scheme won’t solely scale back electrical energy expenditure, however may even be capable of use extra power for different capabilities reminiscent of flour mills, chilly storage and battery charging. The scheme will stay in pressure until March 2028.

Advantages of Photo voltaic Pump Scheme

  • Farmers who do not need everlasting electrical energy connection within the state can be eligible for this scheme. The farmer should pay 5-10 p.c of the price of the photo voltaic pump, with 5 p.c contribution for a pump of lower than three horsepower and 10 p.c for extra.
  • 30 p.c grant can be given by the Authorities of India underneath the Kusum Yojana. The remaining 60-65 p.c quantity can be out there as a financial institution mortgage, which the state authorities can pay. The service cost of the Vitality Improvement Company may even not be charged from the farmers. The charges of photo voltaic pump can be fastened on the premise of tender, which is able to guarantee transparency.
  • Use of extra power

    • In accordance with the brand new and renewable power division, photo voltaic panels produce electrical energy for 330 days a 12 months and on a median eight hours per day, whereas agricultural pumps require solely 150 days of electrical energy.
    • The remaining power can be utilized for duties like Chaff cutter, flour mill, chilly storage, dryer and battery charging. This can assist in rising the earnings of farmers.

    Reference to different schemes

    The photo voltaic pump scheme can be linked to different schemes like drip and sprinkler system, which may even present advantages to farmers and different schemes. Every pump can have a QR code, which might be scanned and obtained full info. This facility will enhance transparency and monitoring.

    Financial financial savings and precedence

    The state authorities believes that in schemes like Atal Krishi Jyoti from photo voltaic pump, there can be saving within the grant given to electrical energy distribution firms. With this financial savings, farmers’ loans can be paid. Precedence can be given to 1 and a half lakh farmers who take short-term connections each season and bear extra bills.