Prime Minister Narendra Modi’s ambitious solar project for farmers called Kisan Urja Suraksha Evam Utthaan Mahabhiyan (KUSUM) has been red flagged by the Finance Ministry, Business Standard reported.
The scheme was announced in the last budget wherein farmers would be get loans and subsidy to instal solar water pumps. In his Independence Day speech, Modi said, “We have rolled out the [KUSUM] scheme. Farmers can now earn money from farming and earn extra at the same time by selling the additional solar power generated at their farms.”
The Ministry of New and Renewable Energy (MNRE) has asked for Rs 28,000 crore to fund the scheme, a request the finance ministry has declined. Read More
Latest posts by Moneycontrol.com (see all)
- Lower oil prices help grease economic activity: IEA - December 13, 2018
- Nitin Gadkari flags off first container mainline vessel in Tuticorin - December 12, 2018
- India needs to have a good oil hedging policy: Raghuram Rajan - December 12, 2018