#Pradhan Mantri KUSUM Yojana Solar Water Pumps

[solispowersolution]

What is Solar Kusum Yojana and How Solis Power Solution can help you gain its benefit

Are you a farmer looking to reduce electricity bill and contribute to a sustainable future? If so, the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhigya (PM-Kusum Yojana) and can be game-changers for you.

About Kusum Yojana- Kusum Yojana was launched in 2019 by the Government of India to promote solar power installation among Indian farmers. The main objective of PM Kusum Yojana is to assist farmers in installing off-grid solar panels in rural areas, thereby decreasing their dependence on grid-connected areas. Another aim of this scheme is to ensure the financial and water security of the farmers. The eligible category for the KUSUM Scheme is An individual farmer, Group of farmers, FPO, or Farmer producer organization. The Government will subsidize 60% and provide a loan of 30% of the total cost. This leads our farmers to bear only 10% of the total cost of installing solar plants and pumps. As per KUSUM Scheme details, our Government will provide subsidies to install state-of-the-art solar pumps. You enrol for the Kusum Yojana from the government's official website for Kusum Yojana.

How Does Solis Power help you with this scheme :

Solis Power Solution is a company offering a complete range of Solar EPC solutions, providing services with a focus on project design and engineering & managing all aspects of project execution from conceptualizing to commissioning & operationality of the project. We can help you leverage the benefits of Kusum Yojana. They can guide you through the application process, assist you in choosing the right solar power system for your farm, and ensure a smooth installation.

Benefits of Using Solis Power Solution:

Solis Power Solution can help you switch to solar power with and enjoy the long-term benefits. Their expertise can guide you through the application process to maximize your Kusum Yojana benefits. They use high-quality equipment to ensure your solar system runs efficiently for years to come. Plus, they take care of everything from permits to grid connection, making the installation hassle-free. With solar power, you'll rely less on the grid and see significant savings on your electricity bills over time.

Conclusion:

Investing in solar power through Kusum Yojana can be a wise design for farms. The government also provides subsidies for it and also gives loans to farmers. For more information connect with Solis Power Solution, here Our expert team will be happy to guide you through the process and help you in the process. Visit our Website for more information:- https://www.solispower.in/ We are happy to help you!

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Pradhan Mantri  KUSUM Yojana Solar Water Pumps

Pradhan Mantri  KUSUM Yojana Solar Water Pumps

Pradhan Mantri  KUSUM Yojana Solar Water Pumps Pradhan Mantri  KUSUM Yojana Solar Water Pumps

Government of Haryana (HAREDA) has introduced Pradhan Mantri  KUSUM Yojana Solar Water Pumps for small and marginal / medium farmers. This article provides in-depth information about Government of Haryana (HAREDA) Guidelines for Implementation of Solar Water Pumping under Pradhan Mantri KUSUM Yojana…

[techsciresearch]

India Water Pumps Market, Forecast 2027

India Water Pumps Market stood at USD1685 million in FY2021 and is forecast to grow at a CAGR of 5.59% until FY2027, owing to the increasing infrastructure development and construction of new residential and commercial buildings. Also, the growth can be attributed to the rising demand from increasing agricultural activities, and depleting ground water levels. Moreover, increasing focus on development of wastewater treatment plants and desalination plants in the country coupled with various government initiatives for strengthening and developing existing and new infrastructure projects are some of the other major factors that are expected to propel demand for water pumps in India during the forecast period.

The Indian government has been continuously taking initiatives to strengthen the national economy. In the Union Budget 2019-21, the agriculture sector was identified as one of the key drivers of the economy. The central government will work with state governments to allow farmers to benefit from e-NAM (National Agriculture Market). The government has further announced plans to launch Krishi Udaan Yojana and has also extended the  PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan) scheme to support 20 lakh farmers for setting up stand-alone solar based water pumps and further help other 15 lakh farmers solarize their grid-connected pumps. https://bit.ly/3Qol1BE

[iasshikshalove]

Daily Current Affairs 6th March 2020

Union Budget 2020-21:

The Union Budgetof India, also referred to as the Annual Financial Statement in the Article 112 of the Constitution of India, is the annual budget of the Republic of India.

The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April.

Until 2016 it was presented on the last working day of February by the Finance Minister in Parliament.

The budget, which is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India’s financial year.

In 2017, a 92-year-old tradition was broken when the railway budget was merged with the Union Budget and presented together.

The Union Budget is divided into Revenue Budget and Capital Budget.

The Economic Survey of India is released ahead of the presentation of the Budget. This document is prepared under the guidance of the Chief Economic Advisor and is presented for discussion in both Houses during the Budget session.

The term budget is not mentioned in the constitution.

Aim of the union budget:

To achieve seamless delivery of services through Digital governance.

To improve physical quality of life through National Infrastructure Pipeline.

Risk mitigation through Disaster Resilience.

Social security through Pension and Insurance penetration.

Three prominent themes around which budget has been framed:

Aspirational India in which all sections of the society seek better standards of living, with access to health, education and better jobs.

Three components are:

Agriculture, Irrigation and Rural Development.

Wellness, Water and Sanitation.

Education and Skills.

Economic development for all, indicated in the Prime Minister’s exhortation of “Sabka Saath, Sabka Vikas, Sabka Vishwas”.

Caring Society that is both humane and compassionate.

These three themes are held together by corruption free policy driven good governance and; clean and sound financial sector.

Key Announcements:

India is now 5th largest economy in world – put out a 16-point guide to make India an aspirational economy.

Government to incentivise farmers to go solar. Pradhan Mantri Kisan Urja Suraksha and Utthan Mahabhiyan (PM KUSUM) to be expanded, providing 20 lakh farmers in setting up standalone solar pumps.

Railways will set up Kisan Rail through PPP model so that perishable goods can be transported quickly. Krishi Udaan scheme to transport agri products to national as well international destinations to be launched.

Agri-credit target for the year 2020-21 has been set at Rs 15 lakh crore.

Rs 69,000 crores for allocated for the healthcare sector

Education and training: Rs 99,300 crore allocated for education in FY21. Govt will start start Ind-Sat Exam to promote study in India and a degree-level online education programme for the deprived. A total of Rs 3,000 crore will be given for skill development.

Allocation for Swachh Bharat Mission for 2020-21 stands at Rs 12,300 crore. In further push to PM Modi’s ‘Nal se jaal’ scheme, govt proposes Rs 3.6 lakh crore towards piped water supply to households.

National Textile Mission to be launched with a proposed Rs 1,480 crore allocation

To boost infrastructure, 9,000 km of economic corridor will be set up. Chennai-Bengaluru expressway will also be started. Delhi-Mumbai expressway to be completed by 2023

550 WiFi facilities have been commissioned at railway stations. 1 lakh gram panchayats to get optical fibre link. An allocation of Rs 6,000 crore will be provided for BharatNet scheme.

Allocation of Rs 27,300 crore for development of industry and commerce.

Rs 20,000 crore announced for renewable energy sector in a bid to tackle pollution and climate change. A new scheme of smart meters will be launched.

100 more airports to be developed by 2025. 1,150 trains will run under the public private partnership (PPP) mode, also four stations will be redeveloped with the help of the private sector. Besides, the Tejas type trains to connect tourist destinations.

An allocation of Rs 8,000 crore will be made for National Mission on Quantum Computing and Technology.

Rs 35,600 crore allocated for nutritional related programme in FY21 while Rs 85,000 crore has been budgeted for the welfare of Scheduled Castes and other backward classes. Tourism promotion gets Rs 2500 crore.

Women schemes, senior citizens in Budget: Enrolment ration for girls under ‘Beti Bachao Beti Padhao‘ is higher than boys. Gross enrollment of girls is 94.32 per cent in elementary levels, 81.32 per cent in secondary level and 59.7 per cent in higher secondary level. Further, Rs 28,600 crore will be allocated in FY21 for women-linked programmes. Allocation for senior citizens and ‘Divyang’ enhanced to Rs 9500 crore.

Proposed 4,400 crore to tackle Delhi’s air pollution problem. Last year, the Supreme Court had termed the situation as “worse than Emergency” as air quality dipped to hazardous levels.

Insurance cover for bank depositors raised from Rs 1 lakh to Rs 5 lakh. Currently, in the (unlikely) event of a bank going bust in India, a depositor has claim to a maximum of Rs 1 lakh per account as insurance cover — even if the deposit in their account far exceeds Rs 1 lakh. Depositors holding more than Rs 1 lakh in their account have no legal remedy in case of the collapse of the bank.

Foreign direct investment (FDI) into the country has increased to $284 billion during 2014-19 from $190 billion in previous five years.

Nirvik (Niryat Rin Vikas Yojana) scheme to provide enhanced insurance cover and reduce premium for small exporters.

Focus on MSMEs: More than 5 lakh MSMEs benefited from RBI’s restructuring of loans. Government has asked RBI to consider extending window of debt structuring by one year to March 2021 for this purpose

Fiscal deficit target pegged at 3.8% of GDP for FY 2019-20.  FY21 fiscal deficit target pegged at 3.5% of GDP. Fiscal deficit is considered the most important marker of a government’s financial health.

Government to sell part holding in LIC. Besides, govt to also sell stake in IDBI Bank to private investors. The government’s move is a part of efforts to push through an aggressive disinvestment and asset monetisation programme.

Nominal growth of GDP for 2020-21 has been estimated at 10 per cent

Proposed a new simplified tax regime soon

10% tax for income between 5 lakh-7.5 lakh

15% tax for income between 7.5 lakh to 10 lakh

20% tax for income between 10 lakh to 12.5 lakh

25% tax for income between 12.5 lakh to 15 lakh

30% tax for income above 15 lakh

No income tax for those with taxable income below Rs 5 lakh

Dividend Distribution Tax to be removed. Dividend shall be taxed at the hands of the recipients

To boost investments and shore up the lagging economy, corporate tax for existing companies slashed to 22 per cent. Govt proposes 100 per cent tax concession to sovereign wealth funds on investment in infra projects. Moreover, concessional tax rate of 15 per cent extended to power generation companies.

Extends additional Rs 1.5 lakh tax benefit on interest paid on affordable housing loans to March 2021. In another boost, a proposed tax holiday to affordable housing developers.

‘Vivad se Vishwas’ scheme announced by Sitharaman for direct tax payers whose appeals are pending at various forum. 4.83 lakh direct cases pending in various appellate forums. Under the scheme, taxpayer to pay only amount of disputed tax. They will get complete waiver on interest and penalty if scheme is availed by March 31, 2020.

15th Finance Commission has cut state share of central taxes by one percentage point to 41 per cent.

[dinesh0406-blog]

The Cabinet Committee on Economic Affairs – CCEA has approved the launch of the Kisan Energy Security and Upliftment Campaign. Kusum Yojana 2019 (PM KUSUM Yojana) will provide financial and water security to farmers. Online application for Kusum Solar Pump Scheme (PM Kusum Yojana) is available at Kusum.online. The Kusum scheme has 3 components like 1, 2, and 3 which will be applicable to provide solar-powered agricultural pumps.

The aim of the Kusum Yojana (Pradhan Mantri Kusum Yojana) by all 3 components jointly is to produce 25,750 MW of solar power by the financial year 2022. The central government will provide a total financial assistance of Rs 34,422 crore for this scheme. Under Pradhan Mantri Kausum Yojana, farmer energy security and upliftment will create direct employment opportunities which will also increase self-employment opportunities.

[dayrisesolarenergy]

Solar Subsidy in India

Solar Subsidy in India

Rooftop Scheme – Under the rooftop scheme executed by SECI, 200 MW of projects have been allotted of which 45 MW already have been constructed and commissioned. Special schemes together with 75 MW for warehouses and 50 MW for the CPWD have also been launched in the form Solar Subsidy in India.  It is MNRE’s initiative to push the momentum for attaining a goal of 40 GW rooftop solar capability by 2022 through various solar subsidy schemes throughout India.

Pradhan Mantri  KUSUM Yojana Solar Water Pumps

Government of Haryana (HAREDA) has introduced Pradhan Mantri  KUSUM Yojana Solar Water Pumps for small and marginal / medium farmers. Government of Haryana (HAREDA) has already issued clear Guidelines for Implementation of Solar Water Pumping under Pradhan Mantri KUSUM Yojana during the year 2019-20 across the state. The water pumping system which operates on alternative energy is termed as solar pump. This kind of solar water pump is completely pollution-free because it uses daylight to draw water. It needs little or no maintenance as compared to the diesel pump sets. It includes of solar photovoltaic modules / solar panels, solar motor pump set, inverter / VFD controller, control switch, Interconnecting cables and MS Dip Hot GI structure / frame etc. Solar Water Pump works throughout the sunshine hours and is right for small and medium farmers.

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