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PM-Kusum Scheme: Now farmers will earn money by selling electricity to the government, know how much will be the rate

Under PM Kusum scheme, farmers will be able to develop solar power plants of capacity from 500 kW to 2 MW on their unusable barren agricultural land.

Farmers’ income can increase rapidly through the Pradhan Mantri Kisan Urja Suraksha and Utthan Mahabhiyan i.e. PM-Kusum Scheme. The farmer can earn a regular income by selling his electricity by setting up a solar plant on the infertile land of his farm himself or with an investor. The dependence of farmers on agriculture, especially with less land, will be reduced. They will continue to have a lump sum regular income from the solar plant.Also Read: Samsung live online shopping platform launched users can get special benefits

To address the queries of farmers regarding the scheme, the Madhya Pradesh government will organize a workshop on August 24 at Minto Hall, Bhopal. This will include consultants, representatives of banks and companies. Farmers will have the freedom to choose the developer voluntarily. Energy Minister Pradyuman Singh Tomar and New and Renewable Energy Minister Hardeep Singh Dung will distribute Letter of Award (LOA) to the farmers and developers selected in the scheme at 4 pm in the closing ceremony. The main objective of the scheme is to make the farmers financially sound.Also Read: ULIP investment return and risk in this investment know about myths related to this product ULIP ke interactions

300 MW package allocation to the state under the scheme

A total of 300 MW capacity has been allocated in the state under Kusum-Yojana by the Union Ministry of New and Renewable Energy. So far, 75 MW capacity has been allocated by Urja Vikas Nigam in two phases of tender by selecting 42 tenderers as solar power producers. The tenderers include 40 farmers and 2 developers.Also Read: SBI State Bank Of India Cash Deposit Machine Rules If account not credited then complaint with this process

In the allocation, 32 solar power generators from 31 sub-stations of 11 districts of Madhya Pradesh East Zone Vidyut Vitran Company, 4 solar power generators of 4 sub-stations of 4 districts of Madhya Pradesh Electricity Distribution Company and 4 districts of West Zone Power Distribution Company. K 6 sub-stations include 6 solar power generators. The power generated from the plants will be purchased by Madhya Pradesh Power Management Company.Also Read: PF File e-Nomination: You can follow these easy steps to file EPF/EPS nomination online.

What is the plan, where will the farmers plant the plant

Installation of Solar Plants Under PM KUSUM, it is planned to develop decentralized solar power plants of 500 kW to 2 MW capacity by farmers on their unutilized barren agricultural land, within about 5 km radius of selected power sub-stations in rural areas.

These 33/11 KV’s identified by the power distribution company. will be directly connected to the sub-stations. If the applicants are not able to arrange the required equity to set up the solar plant, they can develop the plant through the developer. The lease rent will be given by the developer to the farmer at the mutually agreed rates.Also Read: Mallika Sherawat took off her clothes and took a sunbath, the photo quickly went viral

Income potential of Rs 46 lakh in a year

About 4 to 5 acres of land is required for setting up a solar power plant of one MW capacity. Due to which about 15 lakh units of electricity are produced in a year. The power generated will be procured at or below the rates prescribed by the Madhya Pradesh Electricity Regulatory Commission.

The ceiling rate (tariff) of 3 rupees 7 paise has been fixed by the commission for the sale of electricity generated from the plants established under Kusum Yojna. Thus solar power producers are expected to earn about Rs 46 lakh in a year.Also Read: Hina Khan dances on Kriti Sanon’s song, shows fans ‘Param Sundari’ avatar

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @
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