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MNRE Issues Notification Regarding Extension of PM-KUSUM Scheme

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growatt01-08-2022

The Ministry of New and Renewable Energy (MNRE) has notified the extension of Pradhan Mantri Kisan Urja Suraksha Utthaan Mahabhiyan’s (PM-KUSUM), scheme until March 31, 2026.

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This extension was made keeping in mind that the targets for each component will remain the same and allows inter-se transferable quantities across Components B and C.

These amendments state that central finance assistance (CFA), will be available to farmers for pump capacity up 15 HP under Components-B and Component-C. The north eastern states of Uttarakhand, Himachal Pradesh and Ladakh will be eligible for this CFA. The CFA for pumps with a maximum power output of 15 HP will be restricted to 10% of total installations. For feeder level solarisation under Components C, the domestic content requirements for solar cells have been removed for projects that were awarded by the implementing agency before June 20,2023. The Cabinet Committee on Economic Affairs has approved a budget allocation in the amount of Rs 100 Billion.

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The PM-KUSUM Scheme was launched in 2019 with 3 components. Scheme aimed at ensuring energy security for farmers in India, along with honouring 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).

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