The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi approved the launch of ‘Kisan Urja Suraksha Evam Utthaan Mahabhiyan’ (KUSUM Yojana) with the objective of providing financial and water security to farmers. The Central Government will provide a total financial support of Rs 34,422 crore for the scheme.
Components of KUSUM Yojana:
The Kisan Urja Suraksha Evam Utthaan Mahabhiyan scheme consists of three components:
- Component-A: 10,000 MW of Decentralised Ground Mounted Grid Connected Renewable Power Plants.
- Component-B: Installation of 17.50 lakh standalone Solar Powered Agriculture Pumps.
- Component-C: Solarisation of 10 Lakh Grid-connected Solar Powered Agriculture Pumps.