Compact Solar Pump Subsidy 2024 : Solar power is replacing the dependency on electricity and fuel. Indian government is promoting solar pumps in the rural areas to help farmers to reduce the dependency on electricity to run water pumps in their fields. You can install compact size solar pump in your field with the help of Compact Solar Pump Subsidy 2024 under which you will get up to maximum 90% subsidy.
It means you need to pay only 10% of the amount which can also be asked from loan. So if you are already of farmer and involved in farming activities, so Compact Solar Pump Subsidy 2024 will not only reduce your dependency on electricity but will also reduce your electricity bill and diesel bill and provide you an alternative of costly energies.
So, stay connected with us & read the whole article “Compact Solar Pump Subsidy 2024” till the end.
Compact Solar Pump Subsidy 2024
Firstly, you should know about the Compact Solar Pump. Solar pumps are those water pumps which are designed to work with solar power. Solar panels convert Solar Power into electric energy and after that this electric energy is started by a solar pump for watering. It is typically used to irrigate small plots of land, such as vegetable gardens or flower beds.
Compact solar pumps are also becoming increasingly popular for use in remote areas where access to electricity is limited. Solar pump and compact solar pump have similar working mechanism, but compact solar pump provide extra facility to the farmers to change the Solar pump manually or they can arrange it anywhere by carrying it as it is very a pump which is easy to carry.
Benefits of Compact Solar Pump Subsidy 2024
It is difficult to arrange electricity in the rural areas for 24 hours nowadays, so farmers have to depend on the supplying of electricity to water pump. Due to heavy mechanism in water pump, farmers have to pay a large number of amounts to the electricity supplier.
However, most of the farmers are using diesel generator to operate water pumps so they have to also spent large amount to purchase diesel. So, it is costly to operate and maintain water pump for the farmers.
Compact Solar Pump Subsidy 2024 is providing zero electricity and diesel bill facilities to the farmers where they need not to pay any amount to purchase electricity because solar panels will automatically generate electricity itself from the solar energy. The maintenance of solar panel are also available for long time as most of the solar panels require maintenance after 10 years.
Solar panels can also generate electricity in the winter season as it can absorb solar light in any season.
Documents required for Compact Solar Pump Subsidy 2024
- Aadhar Card.
- Applicant Farmer’s Ration Card.
- The applying farmer is required to have KYC.
- Passport-size photograph of the farmer.
- The applicant must have a bank account since the grant money will be transferred directly there.
- Bank account details.
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Cost of Compact Solar Pump 2024
The cost of solar pump will vary according to the power of the Solar pump. It will also include the price value of solar panel, Capacity of the solar panel, and other equipment’s which are necessary to convert Solar energy into electric energy. You may be charged between 35000 to 1.4 lakh according to the Solar pump which you have purchased.
Where the price of the pump will be between 14000 to 35000 according to the power, Additional solar panel will also be required while purchasing solar pump and the electrician will also charge installation charges.
If you purchase Tata sponsored compact solar pump, then it will cost approximately 36000 to do all the activities. The most interesting feature of this scheme is you can pay the price of the Solar pump in multiple installments according to your capacity and condition. You need to pay only 6,000 and the time of purchasing and after that you can create EMI for 12 months and more.
Government Subsidy on Compact Solar Pump
The central government is also providing up to 90% subsidy to installing compact solar pump in the fields for farming. However the scheme is beneficial for those farmers who need a large number of water for watering in the fields so they can install solar pump of 3 to 5 horsepower.
So if you have a large number of area for cropping then you can apply in Pradhan Mantri Kusum Scheme where you will get 60% subsidy from the Centre Government and other additional subsidy will also provided according to the state government.
Haryana government is providing additional 15% subsidy, some other states are providing 30% subsidy. So, you can get maximum 90% subsidy from the Government of Central and state. Only 10% amount should be paid by the farmer which can also be asked from banks as loan. However, the overall cost of PM Kusum Scheme will also be costly.
While submitting on 10% amount because it is heavy solar pump scheme, however if you have a limited area for farming then you can switch on to the compact solar pump which are easy to carry and are available in the cheapest price.
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Apply for Pradhan Mantri Kusum Scheme
Interested individuals can apply for PM Kusum Scheme 2024 by following the procedures stated below –
- Go to the official portal and click on the registration section.
- Fill in the registration form that appears on your screen with all the required details.
- Check the box of declaration and click on “submit”.
- After registering, click on “login” button.
- Provide all necessary information accurately in the online application form, attach all the supporting documents, and submit it.