Fund Crunch Eclipses Modi’s Plan To Promote Solar Power Among Farmers


Fund Crunch Eclipses Modi’s Plan To Promote Solar Power Among Farmers

India’s plan to make farmers generate solar power and wean them away from using diesel-run water pumps hasn’t taken off.

An ambitious project to generate 10,000 MW of solar power on farmlands and operate pumps hasn’t started because of paucity of funds, according to officials in the Power Ministry. This comes even as India targets 225 gigawatts of renewable energy by 2022.

KUSUM or Kisan Urja Suraksha Evam Utthaan Mahaabhiyan announced in this year’s budget in February aimed to incentivise farmers to run solar water pumps. The outlay for the scheme was estimated at Rs 1.4 lakh crore and was to be implemented by July.

The Ministry of New and Renewable Energy, the implementing agency, sought financial assistance from Finance Ministry which is yet to give its approval. “We want to seek extra budgetary support for solar pumps, which is under consideration,” Anand Kumar, secretary at the ministry, told BloombergQuint. Read More

Leave a Reply

Your email address will not be published.