Compact Solar Pump Subsidy 2024: Electricity and fuel are being replaced by solar energy. To help farmers reduce their reliance on energy to power the water pumps on their farms, the Government of India is actively supporting solar pumps in rural areas. Under the Compact Solar Pump Subsidy 2024, you can receive up to 90% support to install a small solar pump in your area. You can also apply for a loan for the remaining 90%, so the down payment is slightly lower. So if you are already a farmer and involved in agriculture, the Compact Solar Pump Subsidy 2024 is going to provide significant renewable energy, reducing dependence on electricity and reducing electricity and fuel costs. In this article, we will discuss the compact solar pump subsidy for 2024.
Documents such as an Aadhar card, ration card, Know Your Customer (KYC) documents, passport-size photo, and bank account are required for farmers to apply for this subsidy. Installment plans are available, and the charge of the sun pump ranges from Rs. 35,000 to at least Rs. 1.4 lakhs, depending on its wattage. Solar pumps mounted in fields may also get a subsidy of up to 90% under the Pradhan Mantri Kusum Yojana, which offers greater assistance. In order to apply for this scheme, farmers must meet certain necessities and fill out the required documents for KYC procedures. You can apply for the scheme online from the comfort of your home without any hassle.
The Pradhan Mantri Kusum Yojana is a centrally sponsored initiative that aims to assist in the installation of off-grid solar pumps on village properties. Under this scheme, the government provides financial assistance for 60% of the total installation cost. The availability of favorable government incentives for solar water pump installation has resulted in the market’s expansion across the country. You need to visit PM Kusum Yojana’s official website, “https://www.pmkusum.mnre.gov.in/” and fill out the application form to avail yourself of this scheme. Below is the overview table that will give you an exact idea of the Compact Solar Pump Subsidy for 2024 and other details that you should know in depth. So, let us start.
Compact Solar Pump Subsidy 2024 – Overview
| Subsidy Name | Compact Solar Pump Subsidy |
| Subsidy Providers | Pradhan Mantri Kusum Yojana (PMKY) |
| Product Name | Solar Pump |
| Year | 2024 |
| Country | India |
| Subsidy Rate | 90% |
| Beneficiaries | Farmers |
| Motive | Reduce Electricity and Fuel Costs |
| Application Mode | Online |
| Application Form | To Be Filled Out |
| Application Form Download | Possible |
| Application Form Download Format | |
| Application Form Printout | Available |
| Documents Required | Aadhaar Card, Ration Card, Photo, and a Bank Account |
| Official Website (PKMY) | https://www.pmkusum.mnre.gov.in/ |
As we have already mentioned earlier, the Pradhan Mantri Kusum Yojana, or PM Kusum scheme, provides a special subsidy to all the beneficiaries who are frightened of the high electricity and fuel charges. This initiative is known as “Compact Solar Pump Subsidy,” and this scheme can be applied through an online method, as you are required to visit the official website of the PM Kusum scheme, which is already stated above twice with a link provided. You can fill out the application form, and thereafter, you can download the form in PDF format. You can also take a printout of it if possible for future use. So, read this article completely to understand the subsidy through the scheme much better. If you have any queries, please contact the authorities of the scheme, who can help you with the solutions. You can easily find out the contact details of the authorities via the PM Kusum scheme’s official website itself.
Compact Solar Pump Subsidy 2024 – How to Apply?
Following are the important steps that you are required to know in detail to apply for the Compact Solar Pump Subsidy from the PM Kusum Yojana, one by one:
- First of all, you must open any internet browser and visit the official website of PM Kusum Yojana, which is already mentioned above.
- Then, you need to locate and click on the registration link to proceed further with the registration form or application form.
- After that, you are required to fill out the application form with personal details like your name, mobile number, state, email address, and much more.
- Next, you must choose an option to apply to a specific bank, which means you need to fill out the bank account details.
- Now, you are required to upload a few scanned documents that are essential, like your approval document, Aadhaar card, Ration card, etc.
- Finally, you must click on the “Submit” button to complete the application or registration procedure to apply for the subsidy via the PM Kusum scheme.
You should always note that you must be an Indian citizen, and you must have all the relevant documents to apply for this program. You can apply for the purchase of a solar power plant with a capacity of 0.5 MW to 2 MW based on your demands or the minimum capacity defined by the distribution company.
Compact Solar Pump Subsidy 2024 – Documents Required
As we have already stated, there are certain documents that you are required to submit for validation, and these documents include:
- Aadhaar Card
- Ration Card
- KYC Documents
- Photo
- Bank Account with Details
For more information, kindly visit the official website of PM Kusum Yojana and try to understand all that is given on it.
Compact Solar Pump Subsidy 2024 – Cost Details
The cost of solar panels, including the amount of energy they can produce and other equipment needed to convert solar energy into electricity, depends on the type of solar pump you purchase. You can be charged from Rs 35,000 to Rs 1.4 lakh. The cost of the pump is expected to vary from Rs. 14000 to Rs. 35,000.
Frequently Asked Questions – Compact Solar Pump Subsidy 2024
Ans: PM Kusum Yojana provides a compact solar pump subsidy.
Ans: Yes, you will get 90% subsidy after applying for the scheme online.
Ans: Yes, you can download the application form in PDF format.
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